BWXT Technologies to acquire Kinectrics for $525m to expand nuclear services
US-based BWXT Technologies has agreed to acquire Canadian nuclear services company Kinectrics for $525 million. The acquisition includes Kinectrics’ net pension and debt liabilities, along with estimated transaction expenses. This move aims to enhance BWXT’s commercial operations by broadening its offerings in the global nuclear power and radiopharmaceutical industries. Kinectrics will operate as a subsidiary of BWXT, with its financial results incorporated into BWXT’s commercial operations segment. The deal strengthens BWXT’s position in the growing…