Yuan Zhi

Joseph Ritchie

Andrew Kaplowitz

Robert Mason

Vladimir Bystricky

Chris Moore

Joe Ritchie

Shivan Seratva

- Mirion Technologies announced the pricing of an underwritten public offering of **17,309,846 shares** of Class A common stock at a public offering price of **$21.35 per share**.  **[1809987_0001628280-25-043231_exhibit991-8xk.htm:1]** 
- The size of the common stock offering was increased from the previously announced $350.0 million of shares.  **[1809987_0001628280-25-043231_exhibit991-8xk.htm:1]** 
- Mirion granted the underwriters an option to purchase up to an additional **2,596,476 shares** of Class A common stock.  **[1809987_0001628280-25-043231_exhibit991-8xk.htm:1]** 
- Mirion estimates net proceeds from the common stock offering to be approximately **$356.2 million**.  **[1809987_0001628280-25-043231_exhibit991-8xk.htm:1]** 
- The company expects to use the net proceeds, along with those from a concurrent convertible notes offering, to pay for capped call transactions and fund the acquisition of WCI-Gigawatt Intermediate Holdco, LLC (indirect parent of Paragon Energy Solutions, LLC), with any remainder for general corporate purposes.  **[1809987_0001628280-25-043231_exhibit991-8xk.htm:1]**  The offering is expected to close on **September 30, 2025**.  **[1809987_0001628280-25-043231_exhibit991-8xk.htm:1]**

Mirion Technologies Prices Upsized Public Offering

- Mirion Technologies announced on **September 24, 2025**, its plan to acquire **Paragon Energy Solutions**.  **[1809987_2155545:0]** 
- The acquisition is for **$585 million** on a cash-free, debt-free basis.  **[1809987_2155545:9]** 
- Paragon Energy Solutions is estimated to have **~$150 million in revenue** and an **Adjusted EBITDA Margin of 20-22% for fiscal 2026**.  **[1809987_2155545:10]** 
- The transaction multiple is approximately **18x Paragon's 2026E Adjusted EBITDA pre-synergies** and **14x post-synergies**.  **[1809987_2155545:9]** 
- The acquisition is expected to be **accretive to diluted EPS in the first full year post-acquisition** and is anticipated to close by **year-end 2025**.  **[1809987_2155545:9]**

Mirion Technologies to Acquire Paragon Energy Solutions

- Mirion Technologies has announced a definitive agreement to acquire **Paragon Energy Solutions** for **$585 million**.  **[1809987_2155924_1]** **[1809987_2155924_3]** 
- The acquisition is expected to add **$0.02 to $0.03 per share** to diluted EPS in the first full year post-close, with anticipated cost and commercial synergies of approximately **$10 million** annualized by year five.  **[1809987_2155924_3]** 
- Strategically, the deal will enhance Mirion's scope in the U.S. nuclear power segment, strengthen its position with Small Modular Reactor (SMR) players, and broaden its solutions for international nuclear customers.  **[1809987_2155924_1]** 
- Paragon has a strong presence in the North American nuclear market, serving **100% of reactors** in the region and over **140 nuclear reactors** globally, with approximately **94% of its revenue** derived from the installed base.  **[1809987_2155924_1]** **[1809987_2155924_2]** 
- This acquisition is projected to increase Mirion's total anticipated nuclear power-related revenue to **45%** of consolidated revenue, up from 37% previously.  **[1809987_2155924_2]**

Mirion Technologies announces acquisition of Paragon Energy Solutions

- **Mirion Technologies, Inc.** (MIR) has entered into an Equity Purchase Agreement to acquire **Paragon Energy Solutions**.  **[1809987_0001809987-25-000014_mir-20250924.htm:1]** 
- The acquisition is an **all-cash transaction** valued at **$585 million**.  **[1809987_0001809987-25-000014_mir-20250924.htm:1]** 
- Mirion has secured **$585 million** in incremental term loan commitments from Goldman Sachs Lending Partners LLC to finance the acquisition.  **[1809987_0001809987-25-000014_mir-20250924.htm:1]** 
- The closing of the acquisition is subject to customary conditions, including regulatory approvals from the Hart-Scott Rodino Antitrust Improvements Act and the U.S. Nuclear Regulatory Commission.  **[1809987_0001809987-25-000014_mir-20250924.htm:1]**

Mirion Technologies, Inc. Announces Acquisition of Paragon Energy Solutions

- **Mirion Technologies** is acquiring **Paragon Energy Solutions** for **$585 million** in cash, with the transaction anticipated to close before the end of **2025**.  **[1809987_4a41463f0b124bdb945bec1c90d5b87a]** 
- The acquisition is expected to be **accretive to Mirion's diluted earnings per share** within the first full year and generate **$10 million** in commercial and cost synergies by the fifth year.  **[1809987_4a41463f0b124bdb945bec1c90d5b87a]**  Paragon is projected to achieve approximately **$150 million in revenue by 2026** with **20-22%** adjusted EBITDA margins.  **[1809987_4a41463f0b124bdb945bec1c90d5b87a]** 
- Mirion plans to finance the acquisition using a combination of equity, debt, or equity-linked methods, targeting a pro forma net debt to adjusted EBITDA ratio of approximately **3.5 or lower**.  **[1809987_4a41463f0b124bdb945bec1c90d5b87a]** 
- Separately, Mirion revised its organic revenue growth guidance for fiscal year **2025** down to approximately **4.5-6.0%** from the previous **5.0-7.0%**.  **[1809987_4a41463f0b124bdb945bec1c90d5b87a]**

Mirion Technologies (MIR)