ESAB to acquire EWM for EUR 275M

ESAB (ESAB) announced that it has signed a definitive agreement to acquire EWM for approximately EUR 275M. EWM is expected to generate approximately EUR 120M of revenue in 2025 and is expected to be EPS accretive in year one. The acquisition will be funded through cash on hand, and is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals. Following the transaction, ESAB expects a net leverage ratio of approximately 2.0x, preserving flexibility for future investments and acquisitions as part of its compounder strategy.