Freyssinet (VINCI Construction) has acquired NUKEM Ltd, which specialises in nuclear decommissioning in the United Kingdom
21 May 2007 - Acquisitions - United Kingdom
VINCI Construction subsidiary Freyssinet, which specialises in civil engineering with high technical content, has just acquired NUKEM Ltd. NUKEM Ltd is a U.K. leader in nuclear facility decommissioning, decontamination, waste treatment and radiation protection.
The company has approximately 1,000 employees, of which xxx engineers, and expects to generate revenue of nearly €120 million in 2007, primarily in the United Kingdom.
NUKEM Ltd operates at all British nuclear sites and thus has acknowledged expertise and a track record in the nuclear industry. The company is ideally positioned on its markets to take part in the accelerated decommissioning of existing sites recently decided by the British government.
The acquisition of NUKEM rounds out the offering of Freyssinet, which provides nuclear industry services on the French market through its specialised subsidiaries.
VINCI is a global player in concessions, construction and energy businesses, employing more than 217,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.