ESAB plans to become independent, Publicly traded company

Published:  07 April, 2021

ESAB’s parent company, Colfax Corporation, intends to separate its ESAB fabrication technology business and its specialty medical technology businesses into two separate, independent and publicly-traded companies.

ESAB is expected to be comprised of Colfax’s Fabrication Technology operating segment, which is forecasted to generate revenue of approximately $2.2 billion in 2021. The separation is intended to be structured in a tax-free manner and is targeted to be completed in the first quarter of 2022. Shyam Kambeyanda, ESAB’s Chief Executive Officer, will continue to lead the fabrication technology company, which will remain headquartered in Maryland, USA.

ESAB is a fabrication technology leader with an unparalleled global footprint, track record of industry-leading product innovation and strong positions in attractive emerging markets. The company has successfully executed its operational improvement strategy to out-grow peers in recent years and significantly increase margins and cash flow. Through strategic bolt-on acquisitions, ESAB has broadened its product and technology offering, extended its geographic reach and expanded into attractive new segments.

The company also announced that it is holding its Xpanse event (www.esabxpanse.com) virtually on April 27th-29th, featuring more than 50 recent product introductions that address the needs of every market segment as well as online classroom opportunities with ESAB University. Highlights include online data management and analytic applications that are easy to deploy and use, wire feeders that redefine robustness and productivity, portable inverters, energy efficient heavy-industrial solutions, a combination high-precision plasma and waterjet cutting system, filler metals, mechanised welding systems, lightweight manual plasma cutters and personal protective equipment. Mikael Mimer, director of product marketing, Europe, ESAB commented: “To understand the breadth and depth of our ability to solve challenges, as well as an opportunity to interact with our application experts, I would encourage participation in the ESAB Europe Xpanse virtual event.

To register : https://www.esabxpanse.com/europe/en/login

Image caption :  Rogue ET 200iP PRO - Visitors to the ESAB Europe Xpanse virtual event can check out a full line of lightweight TIG and MMA inverters that offer an excellent combination of power, portability, arc performance, control functions and price.

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