Mirion completes acquisition of Paragon Energy Solutions

ATLANTA - Mirion Technologies (NYSE:MIR), a radiation detection and monitoring solutions provider with a market capitalization of $6.12 billion, announced Monday it has completed its acquisition of Paragon Energy Solutions, a supplier of engineered solutions for the nuclear power industry.

The acquisition integrates Paragon’s nuclear engineering capabilities with Mirion’s technology portfolio, creating a more comprehensive suite of solutions for the nuclear power sector. Paragon will be incorporated into Mirion’s Nuclear & Safety Group.

"The addition of Paragon significantly enhances our presence in the U.S. nuclear power market at a generational inflection point for sector growth," said Thomas Logan, Mirion Chairman and Chief Executive Officer, in a press release statement.

The transaction brings together Paragon’s more than 100 engineering professionals with Mirion’s existing workforce. According to the company, the combined entity will provide access to critical nuclear systems, digital reactor protection systems, and parts distribution for both current nuclear fleets and emerging small modular reactor (SMR) markets.

Doug VanTassell, Paragon President and Chief Executive Officer, stated, "By uniting advanced radiation monitoring, digital I&C, regulatory engagement and engineered safety systems, we are helping the nuclear industry extend the life of the existing fleet and accelerate the arrival of the next generation of reactors."

Mirion highlighted that Paragon’s systems and solutions are present in all nuclear reactors across North America, which will broaden Mirion’s U.S.-based nuclear partnerships. This strategic expansion comes as Mirion has demonstrated impressive market performance, with a year-to-date price return of 49.11% and a one-year return of 54.24%.

Mirion Technologies employs approximately 2,800 people and operates in 12 countries, providing radiation detection, measurement, analysis, and monitoring solutions to nuclear, medical, defense, and research markets.

Financial terms of the acquisition were not disclosed in the announcement.

In other recent news, Mirion Technologies reported its Q3 2025 earnings, revealing a strong performance. The company achieved an adjusted earnings per share (EPS) of $0.12, surpassing the forecasted $0.10 by 20%. Revenue for the quarter was $223.1 million, slightly exceeding expectations. These results highlight Mirion Technologies’ ability to outperform market predictions. Despite the positive earnings surprise, the stock saw a decline in premarket trading, which may reflect broader market conditions or company-specific concerns. Analysts have not provided any recent upgrades or downgrades for the company. These developments are crucial for investors to consider when evaluating Mirion Technologies’ financial health.

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