BWX Technologies, Inc. (NYSE: BWXT) completed its acquisition of Kinectrics, a Toronto, Canada-based provider of nuclear power plant lifecycle support solutions.
The amount of the deal was not disclosed. The acquisition nearly doubles the workforce of BWXT’s Commercial Operations group and enables an expanded portfolio of products and services for current and new customers.
Kinectrics offers a broad suite of nuclear power plant lifecycle support services, including for CANDU reactors, and lifecycle management services for the global nuclear power industry, transmission and distribution markets and in the production and supply of isotopes for the radiopharmaceutical industry.
Kinectrics will operate as a BWXT subsidiary, and its financial results will be reported within BWXT’s Commercial Operations segment. David Harris, president & CEO of Kinectrics, will lead the organization reporting to MacQuarrie.
BWX Technologies is a Lynchburg, Va.-based manufacturing and engineering company that provides nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With nearly 10,000 employees, BWXT and its affiliated companies have 20 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities.
FinSMEs
23/05/2025