09:59 AM EDT, 06/26/2025 (MT Newswires) -- ESAB ( ESAB ) said Thursday it entered into a definitive agreement to acquire welding equipment manufacturer EWM for around 275 million euros ($322.3 million).

The acquisition, expected to close in H2, will be funded through cash on hand, ESAB ( ESAB ) said.

Germany-based EWM is expected to generate approximately 120 million euros of revenue in 2025 and the deal is slated to be accretive to EPS in the first year, according to the company.

Shares were 1% higher in recent early trading.

Price: 119.63, Change: +0.97, Percent Change: +0.81