BWX Technologies announced it has entered into an agreement to acquire Kinectrics, Inc. for approximately US$525 million. The acquisition includes the assumption of Kinectrics' net pension and debt liabilities, along with estimated transaction expenses.
Kinectrics is a leading provider of lifecycle management services for the global nuclear power and transmission and distribution markets. The acquisition is expected to significantly expand BWXT's service offerings to commercial customers, from reactor design and licensing to testing and decommissioning support.
Furthermore, Kinectrics is a key player in the production and supply of isotopes for the radiopharmaceutical market. This strategic acquisition will enhance BWXT's presence in the growing nuclear medicine sector, creating a more vertically integrated offering across the nuclear lifecycle.
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