Curtiss-Wright (NYSE: CW) has acquired nuclear utility equipment supplier Nuclear Power Services Inc. for approximately $8 million in cash.
NPSI runs a facility in Canada that makes replacement products, aftermarket parts and testing services to reactor operators globally, Curtiss-Wright said Tuesday.
“The acquisition of NPSI expands our nuclear manufacturing and test operations by providing an enhanced channel to the international fleet of Canadian-designed nuclear power plants, ” said David Adams, Curtiss-Wright president and CEO.
NPSI, a 20-employee company, will operate under Curtiss-Wright’s energy business.
Adams added that Curtiss-Wright aims to expand its footprint in the commercial grade dedication and equipment qualification services market through the acquisition.
Curtiss-Wright says it projects NPSI’s sales to be $5 million in fiscal 2014.