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The latest announcement is out from Cadre Holdings ( (CDRE) ).
On January 16, 2025, Cadre Holdings, Inc. announced its definitive agreement to acquire Carr’s Engineering Limited and Carr’s Engineering (US), Inc. for £75 million, excluding Chirton Engineering. This acquisition, subject to regulatory approval and expected to close in the first half of 2025, aims to enhance Cadre’s exposure to the nuclear market by expanding its product offerings and geographic footprint, strengthening relationships with international customers, and entering new sub-verticals such as commercial nuclear and nuclear medicine. The acquisition is anticipated to double Cadre’s global scale, adding significant value through an expanded manufacturing footprint and a solution-rich product set, aligning with Cadre’s strategic goals for growth in the nuclear sector.
More about Cadre Holdings
Cadre Holdings, Inc. operates in the engineering industry, focusing on highly specialized engineered products and services for nuclear safety and protection. The company is recognized for its strong brand and leading technology, serving niche markets with a high cost of substitution.
YTD Price Performance: 6.82%
Average Trading Volume: 263,572
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.34B
See more insights into CDRE stock on TipRanks’ Stock Analysis page.
