GSE Systems acquires Texas engineering firm for $13.5 million

GSE Systems Inc. has acquired a North Texas engineering firm for $13.5 million in a move that helps the company provide more services to large nuclear energy providers.

Sykesville-based GSE Systems provides engineering, staffing and simulation software services to clients in the power and process industries in more than 50 countries. The purchase of Fort Worth-based DP Engineering closed Tuesday.

GSE Systems used cash from a current term loan facility to fund the transaction.

If DP Engineering…

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