02:23 PM EST, 12/17/2024 (MT Newswires) -- Aecon Group ( AEGXF ) Tuesday said it closed its US$33 million acquisition of U.S. nuclear and conventional power contractor United Engineers & Constructors.

The construction and engineering company agreed to acquire the company from CriticalPoint Capital in October.

"We are excited to welcome the United team to Aecon ( AEGXF ) and we look forward to harnessing our enhanced nuclear and conventional power generation capabilities and client relationships to drive continued growth in the U.S. and priority markets," said Aecon ( AEGXF ) chief executive Jean-Louis Servranckx.

Aecon ( AEGXF ) shares were last seen down $0.04 to $26.76 on the Toronto Stock Exchange.

Price: 26.76, Change: -0.04, Percent Change: -0.15