RSS BWX Technologies To Acquire Kinectrics - Quick Facts

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 RSS BWX Technologies To Acquire Kinectrics - Quick Facts

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BWX Technologies (BWXT) has announced its intention to acquire Kinectrics, Inc., in a transaction valued at roughly $525 million. This sum includes the assumption of Kinectrics' net pension and debt liabilities, as well as estimated transaction costs. According to the company, this acquisition will significantly enhance BWXT's Commercial Operations segment by broadening the range of products and services offered to both existing and prospective clients in the global nuclear power and radiopharmaceutical sectors. David Harris, the current President and CEO of Kinectrics, will continue to lead the organization following the acquisition.

BWX Technologies anticipates that the acquisition will be finalized by mid-2025. The transaction is expected to be slightly beneficial to earnings, excluding the effects of purchase accounting and other one-time expenses.

The material has been provided by InstaForex Company - www.instaforex.com
 
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