Date Closed

February 5, 2020

Lead Office

Québec City

Value

270.00 Million CAD

On February 5, 2020, Eddyfi Technologies Inc. (Eddyfi) announced that it completed the acquisition of Ireland-based NDT Global to form Eddyfi/NDT. The new entity combines different expertise in test & measurement technology to form a full-service inspection technologies provider, working with customers in 110 countries.

Prior to the acquisition, Eddyfi completed a round of equity financing with Quebec-based private equity firm Novacap and Caisse de dépôt et placement du Québec, with investments from both entities totalling C$270 million. These investments, combined with a round of debt financing provided by a banking syndicate led by National Bank of Canada and additional debt from Investissement Quebec, provided funding for the NDT Global acquisition as well as pursuing other strategic opportunities.

Eddyfi/NDT is a leading global provider of Non-Destructive Testing (NDT) technologies for customers in mining, aerospace, oil & gas, transportation and power.

McCarthy Tétrault advised Eddyfi/NDT with a team led by Charles-Antoine Souliere and Karl Tabbakh and included Vincent Laurin, Éloïse Gagné, Charles-Alexandre Jobin and Justin Turc.