Industrial technology group Previan has announced a major strategic evolution under which its two flagship business units—Eddyfi Technologies and NDT Global—will operate as fully independent and autonomous entities. The move reflects Previan’s goal of unlocking greater innovation, agility, and growth potential by enabling each company to pursue distinct business models and strategic paths.
Over the past decade, Previan has built a formidable platform focused on non-destructive testing (NDT) and integrity management, positioning both Eddyfi Technologies and NDT Global as leaders in their respective markets. The separation will provide each business with tailored leadership, independent financial structures, and more targeted operations, with full operational autonomy expected by the end of 2025.
“This is an exciting moment for our group,” said Martin Thériault, Founder and CEO of Previan. “By empowering Eddyfi Technologies and NDT Global to operate independently, we are enabling each to pursue their own focused growth strategies, including executing on their attractive innovation pipelines, capitalizing on M&A opportunities, and better serving their respective customers and markets.”
As part of the realignment, Novacap will become the primary shareholder of NDT Global through an additional strategic investment, while maintaining its stake in Eddyfi Technologies. CDPQ, alongside Previan’s founders and executive team, will continue as shareholders in both organizations.
“This is a thoughtful and strategic step forward that reflects the strength of our partnership with Previan,” said David Lewin, Lead Senior Partner at Novacap. “By establishing Eddyfi Technologies and NDT Global as fully independent entities, we are enabling focused execution and strategic clarity. We look forward to supporting their continued progress as each company builds on its core capabilities and market positions.”
Kim Thomassin, Executive Vice-President and Head of Québec at CDPQ, added: “Since 2017, CDPQ has backed Previan five times in its plan to grow through acquisitions and diversify technologically and geographically. We are proud to support this structuring milestone that will allow NDT Global and Eddyfi Technologies to realize their full potential. We have been at the forefront of Previan’s rise, and we remain committed to supporting the distinct trajectories of two entities driving innovation in the Québec technology ecosystem.”
The majority of Previan’s corporate staff will transition to roles within either Eddyfi Technologies or NDT Global.
“Overall, this realignment will enhance operational agility, reinforce each company’s core strengths, and create value and new opportunities for employees, customers, and investors alike,” added Martin Thériault. “Both Eddyfi Technologies and NDT Global are entering a new chapter defined by autonomy, ambition, and a renewed commitment to excellence in technology and service.”
