On 5 February 2020, la Caisse de dépôt et placement du Québec ("la Caisse") announced the acquisition of NDT Global by Eddify. This acquisition was made possible through a strategic partnership with Novacap and la Caisse. In order to complete this acquisition, Eddify confirmed a new financing round with Novacap, which is making its first investment in the company with C$163 million, and la Caisse, which is injecting an additional C$107 million. These new equity investments are combined with new debt financing provided by a banking syndicate led by the National Bank of Canada and additional debt with Investissement Québec ("IQ"). More than C$600 million was raised to complete the acquisition of NDT Global and to pursue other strategic opportunities.
As a result of this merger, Eddify/NDT now has more than 1,000 employees working in 20 offices around the world and has customers in more than 110 countries. The combination of these two leaders in their respective markets will enable them to leverage their respective technologies to develop even better solutions and to lead the way in technology by offering their customers new solutions based on thought, creativity and collaboration.A Fasken team composed of Carl Tremblay and Vincent Laforest-Lapointe represented la Caisse de dépôt et placement du Québec in this equity financing.