Nordic Capital has entered into a definitive agreement to acquire the medical business of BWX Technologies in a transaction valued at up to $800 million. BWX Technologies, based in Lynchburg, Virginia, is a manufacturing and engineering company providing nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine, and space exploration. Nordic, founded in 1989 with its U.S. office in New York, is a private equity firm focusing on healthcare and several other sectors.

The transaction includes BWXT Medical and Kinectrics' stable medical isotopes business. BWXT will retain a minority ownership stake in the new company, with the deal expected to close by the end of 2026.