NUKEM Sale to Advent International Completed
- New company name: NUKEM GmbH
- Leadership position as nuclear services provider strengthened
Following approval by the cartel authorities, the sale of NUKEM GmbH and its subsidiary companies to the private equity group Advent International has been completed and becomes retroactively effective as of 1 April 2006. Financial details of the acquisition have not been publicized. With immediate effect, the enterprises will bear the name NUKEM followed in each case by the respective legal form such as GmbH or, for example, Limited for the British subsidiary company. The enterprise also changes its outward profile. The new logo stands for all NUKEM Group enterprises and as an umbrella brand emphasizes the strength of the Group as a nuclear services provider enterprise. The management boards of NUKEM GmbH and its subsidiary companies remain unchanged. Within the context of its concentration on core business, RWE AG had decided to separate from the enterprises of RWE Solutions Group. Advent International will in future continue further development of the former sister companies independent of each other. Dr. Erwin Wehner, Management Board Chairman of NUKEM GmbH, welcomes the acquisition by Advent International and says: "With our new shareholder, we will manage to further expand our international leadership in the markets for nuclear fuel services, nuclear plant decommissioning and management of radioactive waste."