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Kinectrics Expands Nuclear Services Through Acquisition of Candesco Corporation

April 01, 2009

Toronto, Ontario, April 1, 2009 – David Harris, President and CEO of Kinectrics Inc. today announced that Kinectrics will greatly expand its expertise in nuclear regulatory and licensing capabilities through the acquisition of Candesco Corporation of Toronto, Ontario.

Candesco is an established company, specializing in providing regulatory affairs consulting for the Canadian power industry.

Both companies will continue to provide advanced services in nuclear asset management, condition assessment, engineering and operations support. All of the Candesco partners will continue to work for the company, and Glen Archinoff will remain as President and CEO of Candesco Corporation.

“Candesco’s specialized capabilities in the regulatory field, and track record of success make it an ideal complement to expand Kinectrics’ position as a premier provider of nuclear-related engineering and testing services”, said Harris. “Candesco’s reputation and dedication will join with that of Kinectrics in continuing to provide only the highest standards of service for our customers”, he concluded.

“We are confident that Candesco’s proven expertise in providing comprehensive capabilities in  licensing management and safety analysis will integrate well with Kinectrics, offering our customers an enhanced range of services, and our staff an excellent long-term future”, said Archinoff.

On completion of the acquisition, Candesco will operate as a separate company within the Kinectrics family of companies.

Serving the nuclear industry for over a decade, Candesco has established a reputation as a leading solution provider for regulatory affairs and licensing, safety assessment, radiation and environmental protection and operational safety support.

With this acquisition, Kinectrics and Candesco will together continue to build proudly on long-established international reputations for technical excellence within the nuclear community.

Media contact:
Maureen Rhodes
416-207-6000 ext 6510
maureen.rhodes@kinectrics.com