BWXT Selling Medical Business to Nordic Capital in Transaction Valued at up to $800 Million

(NYSE: BWXT) BWX Technologies, Inc. announced it has entered into a definitive agreement to sell its medical business to Nordic Capital in a transaction valued at up to $800 million. The transaction includes BWXT Medical and Kinectrics' stable medical isotopes business. BWXT will retain a minority ownership in the new company and will continue providing specialized isotope and radiochemical expertise under the agreement. Since acquiring the medical business in 2018, BWXT has roughly tripled revenue, improved profitability, and significantly expanded the product portfolio, including novel therapeutic isotopes. The transaction is subject to customary regulatory approvals and is expected to close by the end of 2026. BWXT is a U.S.-based company with more than 11,000 employees, owning and operating 19 manufacturing facilities globally, and supporting the U.S. and Canadian governments at more than two dozen additional locations. Nordic Capital currently manages approximately EUR 39 billion in assets and invests in middle-market companies across Northern Europe and North America.

Applied Atomics Secures Exclusive Land-Based License for mPower™ Small Modular Reactor Technology from BWX Technologies

(NYSE:BWXT) Applied Atomics announced that it has entered a licensing agreement with BWX Technologies, Inc. (NYSE: BWXT) in connection with BWXT’s mPower™ small modular reactor (SMR) technology. Under the agreement, Applied Atomics will have exclusive rights to use mPower in the commercial development and deployment of land-based nuclear facilities in the United States, Canada and elsewhere. mPower is designed to generate 195 megawatts of electricity and 575 MWth of heat per reactor. The reactor is designed for a refueling cycle of at least two years and uses standard low enriched uranium fuel. Industry analysts estimate that data center construction will require more than 300 gigawatts of new power capacity in the United States by 2035. Applied Atomics serves industrial, technology, and utility customers actively seeking 100MW to 1GW of firm, carbon-free power. The company projects to complete mPower's development, then design and deploy the first optimized, vertically integrated SMR power plant.