ESAB, a focused premier industrial compounder, has signed a definitive agreement to acquire Eddyfi Technologies (Eddyfi), a leader in advanced inspection and monitoring technologies, for $1.45 billion.
ESAB and Aramco signed a Memorandum of Understanding to advance industrial capabilities in Saudi Arabia, aligned with Vision 2030, focusing on local manufacturing, operational excellence, knowledge transfer, technical training, and sustainability in welding processes.
