Eddyfi NDT Inc. (“Eddyfi”) has acquired Silverwing (UK) Ltd. from NVM Private Equity LLP. UK-headquartered Silverwing develops and manufactures non-destructive testing (NDT) products to inspect storage tanks, vessels, and piping for corrosion. Specifically tailored for the petrochemical industry, it has a dominant market position in Europe, the Middle East, and Africa. This first strategic acquisition of Silverwing by Eddyfi has led to the establishment of Eddyfi Technologies, which is a label designed to maximize the potential of multiple advanced and niche NDT inspection technology brands. With its two centers of excellence in Québec (Canada) and Swansea (UK), Eddyfi Technologies focuses on offering high-performance NDT solutions for the inspection of critical components and assets through two strong, complementary brands: Eddyfi and Silverwing.
EC M&A acted as exclusive financial advisor to Eddyfi on this transaction.