Aecon Group acquires United Engineers for $33m in cash to boost nuclear power capabilities.

Aecon Group Inc., a Canadian construction firm, will acquire United Engineers & Constructors Inc., a U.S. power contractor, for $33 million in cash. This move aims to enhance Aecon's nuclear power capabilities and solidify their existing partnership at Ontario's Bruce Nuclear Generating Station. The acquisition is subject to regulatory approvals and other customary closing conditions. United Engineers' management will join Aecon post-deal.