ESAB to acquire EWM for €275m.

ESAB, a global fabrication technology company, agreed to acquire EWM, a company focused on heavy industrial welding equipment, for €275m. “EWM is an exceptional company, bringing deep expertise in advanced welding equipment technology, a strong brand and a highly innovative team. Within our Fabtech businesses, EWM fully addresses our product gaps in heavy industrial equipment, strengthening our technological capabilities and uniquely positioning us to serve end customers with proprietary, end-to-end workflow solutions. Additionally, our customer bases and channel networks are highly complementary, enabling us to significantly extend our market reach,” Shyam P. Kambeyanda, ESAB President and CEO.