ESAB Corporation has announced its agreement to acquire EWM GmbH, a German leader in heavy industrial welding equipment and advanced automation, for approximately €275 million. This acquisition aligns with ESAB's strategy to accelerate global equipment sales growth, particularly in North America. EWM is expected to generate around €120 million in revenue by 2025 and be accretive to EPS in the first year. The acquisition will be funded through cash on hand and is anticipated to close in the second half of 2025, pending customary closing conditions and regulatory approvals. ESAB's President and CEO, Shyam P. Kambeyanda, highlighted the strategic fit of EWM, noting its strong brand and innovative team, which will enhance ESAB's technological capabilities and market reach.
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