BWX Technologies, Inc. has announced its agreement to acquire Kinectrics, Inc. for approximately $525 million. This acquisition aims to enhance BWXT's portfolio in the nuclear power and radiopharmaceutical industries, providing lifecycle management services and expanding their reach in the United States and international markets. Kinectrics, which employs over 1,300 engineers, is expected to generate around $300 million in revenue in 2024. The transaction is targeted for completion in mid-2025 and is anticipated to be modestly accretive to BWXT's earnings. David Harris will continue to lead Kinectrics post-acquisition, which will operate as a subsidiary of BWXT.
Tue, 07 Jan 2025 11:00:00 GMT | Business Wire