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. The company offers a comprehensive range of project management, engineering, health physics and consulting services.
NUKEM operates at all British nuclear sites and thus has acknowledged expertise and a track record in the nuclear industry. The company is ideally positioned in its markets to take part in the accelerated decommissioning of existing sites recently selected by the British government and, in due course, the building of new sites.
Freyssinet is the subsidiary of VINCI Construction which specialises in technical engineering and has systematically been developing its service offering, particularly within the nuclear market.
The acquisition of NUKEM will allow Freyssinet to progress in its strategy in becoming a leader in the nuclear field, through extension into key markets and offering a greater breadth and depth of service.
Gareth Davies, a Managing Director of Close Brothers Corporate Finance, commented:
“We are delighted that Freyssinet has successfully acquired NUKEM. We believe it represents a highly strategic investment in what is a very dynamic and exciting sub-sector of support services”.
For more information on this deal, please call Close Brothers Corporate Finance on +44 (0)20 7655 3100 (London) or +33 1 42 12 49 00 (Paris).