BWX Technologies Proceeds with Kinectrics Acquisition
Deal News | Jan 27, 2025 | CEE Legal Matters
BWX Technologies (BWXT), a Fortune 1000 company renowned for its innovative solutions in global security, clean energy, environmental remediation, nuclear medicine, and space exploration, has announced its acquisition of Kinectrics. Kinectrics specializes in lifecycle management services in the nuclear power and transmission and distribution markets, as well as producing isotopes for the radiopharmaceutical industry. The transaction is currently awaiting regulatory approval and reflects BWXT's strategic expansion within the nuclear services domain. Legal advisory for BWXT was provided by Suciu Partners, in collaboration with Hogan Lovells. The Suciu Partners team includes esteemed professionals such as Managing Partner Miruna Suciu and others who contributed towards the successful arrangement of this deal. Although further comments were not provided by Suciu Partners, the acquisition is anticipated to significantly bolster BWXT's presence in global nuclear markets.
Sectors
- Nuclear Energy
- Defense and Security
- Legal Advisory
Geography
- United States – BWXT is a Fortune 1000 company based in the United States, operating on a global scale.
Industry
- Nuclear Energy – The acquisition involves companies that operate within the nuclear energy sector, focusing on lifecycle management services and clean energy solutions.
- Defense and Security – BWXT is a Defense News Top 100 innovator, implying involvement in defense and security, which is relevant given its global security solutions.
- Legal Advisory – Suciu Partners and Hogan Lovells, law firms involved, play a vital role in advising the acquisition process.
Financials
- Not Disclosed – The financial terms of the acquisition of Kinectrics by BWX Technologies have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BWX Technologies | Bidding Company | Company | A Fortune 1000 company offering solutions for global security, clean energy, environmental remediation, nuclear medicine, and space exploration. |
| Kinectrics | Target Company | Company | Provider of lifecycle management services in the nuclear power and transmission and distribution markets and isotopes for the radiopharmaceutical industry. |
| Suciu Partners | Legal Advisor | Company | Provided legal advisory services to BWXT for the acquisition of Kinectrics. |
| Hogan Lovells | Legal Advisor | Company | Collaborated with Suciu Partners in providing legal services for the acquisition deal. |