NUKEM Sells UK Subsidiary
NUKEM GmbH of Alzenau, Germany, is pleased to announce the sale of NUKEM Limited, a wholly owned UK subsidiary, to Freyssinet SAS, a wholly owned subsidiary of Vinci Construction.
NUKEM Limited is one of the UK’s leading, independent nuclear service companies in the rapidly growing UK nuclear engineering and decommissioning market, employing approximately 1,000 employees across the UK.
NUKEM GmbH has disposed of NUKEM Limited to focus on its core businesses of Fuel Cycle Services and the activities in Decommissioning, Radioactive Waste Management and Consulting which form the German subsidiary of NUKEM Technologies GmbH.
Erwin Wehner, Chairman of the NUKEM Group, commented "We are delighted that this sale has been completed so rapidly and with such a good spirit between the two companies. Freyssinet will provide the perfect environment for our colleagues in NUKEM Limited to continue the impressive growth they have consistently demonstrated as part of the NUKEM Group. We founded the company in the UK 20 years ago when nuclear decommissioning was in its infancy. I am sure the Company will continue to go from strength to strength."
Financial details of the acquisition were not disclosed.