Mirion Acquires Certrec, Enhancing Nuclear Industry Capabilities for $81M

Mirion Technologies acquired Certrec, a leader in regulatory compliance and digital applications for the nuclear industry, for $81 million in cash. The acquisition enhances Mirion's capabilities in regulatory compliance and digital integration within the nuclear industry, with Certrec solutions used by every US nuclear reactor facility and over 80 entities in the US, Canada, and Mexico for NERC compliance.

Mirion Technologies (NYSE: MIR) has acquired Certrec, a leading provider of regulatory compliance and digital integration solutions for the nuclear industry, for $81 million in cash. The acquisition aims to strengthen Mirion's position in the nuclear power sector and bolster its digital ecosystem.

Certrec, headquartered in Fort Worth, Texas, has been serving the energy industry since 1988. Its solutions help ensure stable and reliable bulk electric supply and are used by every U.S. nuclear reactor facility. The company's expertise spans licensing, regulatory affairs, compliance, training, and operations, supporting a wide range of generating assets, including nuclear, fossil, solar, and wind facilities [1].

The acquisition is expected to enhance Mirion's capabilities in regulatory compliance and digital integration within the nuclear industry. Certrec's deep industry relationships and significant software and services capabilities will be pivotal in expanding Mirion's offerings in the nuclear power market [1].

The cash purchase price of $81 million, plus additional equity incentives, reflects an acquisition multiple of 16.9x EV/’25E EBITDA for a high-recurring revenue software and services business [1]. Certrec is ISO/IEC 27001:2022 certified and has successfully completed annual SOC 2 Type 2 examinations, ensuring robust security and compliance standards [1].

In a separate development, the federal government of Malaysia is evaluating nuclear power as part of its future clean energy mix. The Ministry of Energy Transition and Water Transformation (PETRA) is conducting a structured evaluation to explore the role of nuclear energy in diversifying energy sources, strengthening energy security, and reducing dependence on fossil fuels [2].

These developments underscore the growing importance of nuclear energy in meeting global energy demands and the increasing focus on regulatory compliance and digital integration within the nuclear industry.

References:
[1] https://www.businesswire.com/news/home/20250731171377/en/Mirion-Acquires-Certrec-a-Leader-in-Regulatory-Compliance-and-Advanced-Digital-Applications-for-the-Nuclear-Industry
[2] https://dayakdaily.com/fed-govt-evaluating-nuclear-power-as-part-of-future-clean-energy-mix/