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.
- Industry
- Aerospace & Defense
- Location
- Ontario, Canada
- Transaction Type
- Addon
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