Cadre Holdings completes acquisition of ICOR Technology

Cadre Holdings, Inc., has completed the Company’s previously announced acquisition of ICOR Technology Inc., a leading manufacturer and distributor of explosive ordnance disposal robots and specialized protective security equipment for EOD and military organizations worldwide. Consistent with Cadre’s strategic focus, ICOR’s products provide users the critical protection they need to safely perform their duties and protect those around them in hazardous or life-threatening situations.

The acquisition is expected to be immediately accretive. The purchase price was funded through available cash on the Company’s balance sheet.

CIBC Mid-Market Investment Banking acted as exclusive financial advisor to ICOR Technology Inc.
MB Bureau