Curtiss-Wright (CW) said Thursday it has bought Ultra Nuclear and Weed Instrument, collectively known as Ultra Energy, for $200 million in cash.
The company said the acquisition is expected to expand Curtiss-Wright's footprint in the commercial nuclear market, adding products for plant life extensions, modernization projects, and support for small modular reactor designs in the US and Europe.
Ultra Energy, which reported $65 million in sales in 2023, is expected to contribute to Curtiss-Wright's earnings per share in its first full year, excluding purchase accounting costs, and deliver a free cash flow conversion rate exceeding 100%, Curtiss-Wright said.
Ultra Energy will be integrated into Curtiss-Wright's Naval & Power segment, it added.
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