From Yahoo Finance: 2025-05-21 20:11:00

BWX Technologies, Inc. (NYSE:BWXT) has completed the acquisition of Kinectrics, a major service provider in the global nuclear market, for $525 million, expanding its nuclear and isotope capabilities.

Kinectrics will now be a subsidiary of BWX Technologies, Inc., nearly doubling the company’s Commercial Operations group workforce and expanding its offerings. This strategic integration is expected to enhance BWXT’s overall capabilities.

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John MacQuarrie, President of Commercial Operations at BWXT, expressed excitement about the acquisition, stating, “From the commercial nuclear power market to medical isotopes, we are enhancing our capabilities across the board, supporting a growing nuclear new build and life extension industry in Canada and strengthening BWXT’s position in the global nuclear market.”

Read more: BWX Technologies, Inc. (BWXT) Completes $525M Acquisition of Kinectrics