Cadre Holdings Acquires ICOR Technology

December 22, 2023

Cadre Holdings, Inc. (NYSE: CDRE) has acquired ICOR Technology Inc., an Ottawa-based manufacturer and distributor of explosive ordnance disposal (EOD) robots and specialized protective security equipment. The deal — presented as an add-on to Cadre's EOD business — was funded with available cash, is expected to be immediately accretive, and adds a business that generated roughly CAD 26 million in revenue for the year ending July 31, 2023.

Buyers
Cadre Holdings, Inc.
Targets
ICOR Technology Inc.
Location
Ontario, Canada
Transaction Type
Addon

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