RWE NUKEM completes acquisition
RWE NUKEM completes acquisition of AEA-T's Nuclear Engineering business
Company is the UKs largest private sector nuclear engineering service provider RWE NUKEM Ltd. has completed its acquisition of AEA Technology's Nuclear Engineering business. With over 900 staff generating annual sales in excess of £50 million, RWE NUKEM is now the UK's largest private sector nuclear engineering services provider.
Led by the German based RWE NUKEM GmbH, Alzenau, the NUKEM Group is a major contractor to the nuclear industry worldwide and operates through subsidiaries in Germany, USA, France and the UK. A leading supplier of Uranium to the world's utilities, it has an enviable reputation for providing high quality decommissioning, consultancy and waste treatment services.
In line with the RWE branding strategy, the Group parent company TESSAG was recently renamed RWE Solutions, confirming its strategic significance within the RWE multi-utility Group. As of October 1, 2001, the UK NUKEM company will trade under the name RWE NUKEM Limited.
This expansion of RWE NUKEM Limited enhances the Company's capacity to perform multidisciplinary engineering projects from studies through to major implementation contracts. The company remains confident that the talent, engineering excellence and nuclear expertise of the combined businesses will provide a safe and successful key service to the UK nuclear industry. Specific areas of expertise include consultancy, waste management, decommissioning, land remediation, robotics and radiation protection services.
The Company is well placed and committed to serve the needs of its major UK customers as the Government's nuclear liabilities clean up programme, particularly at Dounreay, Sellafield and the first generation Magnox Power Stations, continues to gain momentum.
RWE NUKEM GmbH, and its German and international subsidiaries, generate a turnover of about £250 million per year employing more than 1200 personnel. NUKEM's main activities are focused on the decommissioning of nuclear facilities, the treatment of radioactive waste, and fuel cycle services RWE Solutions AG, Frankfurt am Main (formerly TESSAG Technische Systeme & Services AG) is the leading service provider for the energy technology infrastructure of industrial and energy supply companies. As RWE's services management company, RWE Solutions AG is responsible for providing comprehensive, integrated solutions in the energy, utility supply and services sectors. The company serves industrial and energy sector customers from all over the world, along with the RWE Group's major customers. Around 13,600 employees, of which 4,000 work abroad, will generate annual sales of around EUR 2,5 billion.