CVD Equipment shares surge 36.93% after hours following announcement to sell SDC division to Atlas Copco for $16.9 million.

CVD Equipment surged 36.93% in after-hours trading following the announcement of a definitive agreement to sell its Stainless Design Concepts division to Atlas Copco Group for $16.9 million in cash. The transaction, expected to close in Q2 2026, provides CVD with approximately $15.0 million in net cash proceeds after expenses and taxes, with $900,000 held in escrow. The company emphasized the sale aligns with its strategic focus on core CVD Equipment operations, strengthens its balance sheet, and enhances financial flexibility to pursue value-creating initiatives. The deal also includes a two-year lease of the Saugerties, New York facility to Atlas Copco. The significant after-hours price jump reflects investor optimism over the divestiture’s potential to unlock shareholder value and streamline operations.