Date Announced

August 09, 2021

Lead Office

Québec City

Value

350.00 Million USD

On August 10, 2021, Eddyfi/NDT announced it has entered into a definitive agreement to acquire Zetec, a subsidiary of Roper Technologies Inc. for US$350 million. The transaction is expected to close at the end of the year and is subject to customary closing conditions and approvals. Following the closing of the transaction, Zetec will formally join Eddyfi Technologies, a business unit of Eddyfi/NDT

Zetec is a leader in Non-Destructive Testing (NDT) solutions for the critical inspection needs of industries including power generation, oil and gas, aerospace, automotive, maritime, military, rail, and manufacturing.

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

McCarthy Tétrault LLP advised Eddyfi/NDT with a team led by Karl Tabbakh and Charles-Antoine Souliere that included Éloïse Gagné, Sonia Bardakjian, Francis Langlois, and Alexandra Simard (Business); Dominique Amyot-Bilodeau and Amelia Fong (Environmental); Ashley Taborda (Litigation); Camille Bélanger and Jacques Rousse (Labour and Employment); John Boscariol (Trade); Philippe Côté (Real Estate); Kate McNeece, Dominic Thérien and Corinne Xu (Competition); Deron Waldock (Pension); Véronique Wattiez Larose (Intellectual Property); Stéphane Duval (MT>iplus).