This year’s first radiopharmaceutical deal is slated to expand BWX Technologies’ presence in the North American nuclear tech market as demand is expected to creep up. Virginia-headquartered BWX Technologies said it will buy isotope supplier Kinectrics for $525 million and is set to absorb its 20 sites and 1,300 employees, according to a press release. Kinectrics’ factories are located across North America, Canada and Europe, with one site in the UK and one in India. The acquisition is anticipated to close halfway through 2025, and Toronto-based Kinectrics will operate as a subsidiary of BWXT.
Read the full article: BWX Technologies to Buy Canadian Isotope Maker for $525M //
Source: https://endpts.com/bwx-technologies-to-buy-canadian-isotope-maker-for-525m