Eddyfi/NDT acquires NDT Global through partnership with CDPQ and Novacap
February 5, 2020
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.