BWXT to sell medical unit to Nordic Capital for up to $800M

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

August 3, 2026 4:05 PM EDT

BWXT will retain a minority ownership in the new company

LYNCHBURG, Va.--(BUSINESS WIRE)-- BWX Technologies, Inc. (NYSE: BWXT) announced today it has entered into a definitive agreement to sell its medical business to Nordic Capital, an experienced healthcare investor with broad expertise and a deep understanding of the radiopharmaceutical industry and its value chain. The transaction, valued at up to $800 million, includes BWXT Medical and Kinectrics stable medical isotopes business.

The sale will enable BWXT to concentrate resources and capital on accelerating growth in its core... More