06:33 AM EST, 01/16/2025 (MT Newswires) -- Cadre Holdings ( CDRE ) said Thursday that it signed a definitive deal to acquire two Carr's Group engineering units for 75 million pounds ($91.5 million) in cash at closing.

The company said it will acquire Carr's Engineering (US) and Carr's Engineering Limited, excluding Chirton Engineering. The units design, manufacture, and service equipment, vessels, precision components, and remote handling systems for nuclear end-markets, Cadre added.

Cadre said it expects the acquisition to expand its footprint in international markets and serve as its entry into new product categories within the nuclear market.

The transaction is expected to close in the first half of the year, according to the statement.

Shares of Cadre Holdings ( CDRE ) were up more than 4% in recent premarket Thursday activity.