NUKEM Sells US Subsidiary, NUKEM Corporation
NUKEM GmbH of Alzenau, Germany announced the sale of its US subsidiary NUKEM Corporation to EnergySolutions. NUKEM Corporation is headquartered in Columbia, South Carolina, and EnergySolutions is headquartered in Salt Lake City, Utah. Subject to obtaining the required regulatory approvals, the transaction is expected to close early in the third quarter of 2007. Financial details of the acquisition were not disclosed.
In future, NUKEM GmbH will focus on its core businesses of Fuel Cycle Services and the activities in Decommissioning, Radioactive Waste Management as well as Engineering and Consulting which are executed by the German subsidiary NUKEM Technologies GmbH and mainly target Western and Eastern Europe and Asia.
„Selling the company to EnergySolutions enables NUKEM Corporation to strengthen its sound position in the service market” says Dr. Erwin Wehner, Chair of the Management Board of NUKEM GmbH.