BWX Technologies to Acquire Kinectrics for $525 Million

MT Newswires Live01-07

BWX Technologies (BWXT) said Tuesday that it has agreed to acquire Kinectrics, a provider of lifecycle management services, for $525 million.

BWX said the acquisition is highly complementary to its commercial operations segment and will nearly double the segment's workforce once closed.

The acquisition is targeted to be completed in the middle of this year and is expected to be modestly accretive to BWX's earnings.

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