Cadre将从Carr ' s Group收购多个核品牌

2025-01-16 16:09

Cadre Holdings (NYSE:CDRE) on Thursday said that it has entered into a definitive agreement to acquire Carr's Engineering (excluding Chirton Engineering) and Carr's Engineering (US) for an enterprise value of £75 million payable in cash.
The engineering division, which generated about £51 million in revenues for the fiscal year ended August 31, 2024, is comprised of brands including Wälischmiller GmbH, CarrsMSM, Bendalls Engineering, NW Total Engineered Solutions.
With sites in the United Kingdom, Germany and the United States, the engineering division manufactures and services equipment, vessels, precision components and remote handling systems for nuclear end-markets.
“Consistent with our strategic plan to scale Cadre’s nuclear safety vertical, these businesses will expand our international footprint and grow our reach into the nuclear market with entry into automation, robotics and nuclear medicine," Warren B. Kanders, Chairman and CEO of Cadre (CDRE) said.
U.K. Engineering includes Bendalls Engineering and NW Total, which focuses on large scale engineering and fabrication services to the nuclear sector.
The transaction is anticipated to close in the first half of 2025.
Source: Press Release

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