Cadre (CDRE) late Tuesday said it has completed its 75 million British-pound ($100 million) cash purchase of two engineering subsidiaries previously owned by London-listed Carr's Group, expanding Cadre's nuclear power equipment offerings.
The companies disclosed the transaction, which did not include Carr's Chirton Engineering unit, on Jan. 16. Cadre Tuesday said it funded the deal using incremental term debt available through its credit facility amended in December.
Separately, Cadre Tuesday night declared a quarterly dividend of $0.095 per share, unchanged from the prior quarter and payable May 16 to shareholders of record on May 2.
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