NUKEM Purchases AEA-T's Nuclear Engineering Activity
The technical services provider TESSAG strengthens its worldwide market position in the nuclear services business field
Risley/Alzenau, June, 4th 2001 - The British NUKEM Nuclear Ltd, a subsidiary of German based NUKEM Nuklear GmbH (a TESSAG, Technical Systems and Services AG, Frankfurt, company) today announced that it has exchanged contracts with AEA-Technology plc to purchase the assets and business of its Nuclear Engineering activity. The contracts are subject to final approvals by the UK nuclear regulator and the ultimate transfer of staff is expected later in the summer.
The acquisition of AEA-Technology's Nuclear Engineering activities will result in an annual turnover in excess of £50 million. The combined UK Company, which will continue to trade under NUKEM's name, will be well placed to serve the needs of its major customers as the Government's nuclear liabilities clean-up programmes, particularly at Dounreay, Sellafield and the first-generation Magnox power stations, continue to gain momentum. The business comprises some 600 permanent staff located on sites at Harwell, Dounreay, Winfrith, Windscale and Risley. This high quality professional team provides nuclear solutions in decommissioning, waste management, engineering design, land remediation and health physics as well as a full range of associated activities. The principal clients are UKAEA, BNFL, MOD and British Energy but increasing levels of business have been achieved in the USA, Canada (through its CTECH joint venture), the Middle East and Eastern Europe.
Led by the German based NUKEM Nuklear GmbH, the NUKEM Group of companies are major contractors to the nuclear industry worldwide and operate through companies in Germany, USA and France as well as in the UK for the last 12 years. A leading supplier of uranium to the world's utilities, it also has an enviable reputation for providing high quality decommissioning, consultancy and waste treatment services. With the purchase of the AEA-T business, NUKEM powerfully strengthens its position as a worldwide nuclear services company. The customers will benefit from a strong and high-qualified organization which offers customized solutions for any needs.
AEA Technology plc is a private sector company listed on the London Stock Exchange. Formerly part of the United Kingdom Atomic Energy Authority, today the business focuses on five key areas: technology-based products, specialised science, environmental management, improving the efficiency of industrial plant, and risk assessment and safety management.
NUKEM Nuklear GmbH, and its German and international subsidiaries, generate a turnover of about £ 200 million per year employing more than 500 personnel. NUKEM's main activities are focused on the decommissioning of nuclear facilities, the treatment of radioactive waste, and fuel cycle services. As lead company for the nuclear service business unit, NUKEM represents a strong part of TESSAG.
TESSAG Technische Systeme und Services AG, Frankfurt am Main, is an international leading provider of integrated infrastructure solutions specializing in energy and telecommunications fields. In Germany, TESSAG is market leader and ranks among Europe's leading service providers. Over 15,500 employees worldwide generate annual sales of more than £ 1.5 billion. The company also offers innovative solutions for power supply industries and distribution networks, industry and local authorities as well as in the markets telecommunication and building operations. More than half of all utility operators in Germany employ products or technological services developed by TESSAG. One third of TESSAG's industrial and trade customers belong to Europe's top 300.