Positive outlook prompts Ansaldo UK nuclear purchase

Ansaldo Nucleare has cited the ‘highly positive outlook’ for the UK’s nuclear sector as motivating its decision to purchase Nuclear Engineering Services (NES) in a $49m deal.

The purchase was supported by Fondo Strategico Italiano (FSI), an investment fund intended to increase the competitiveness of Italian companies. It owns 84.55 per cent of Ansaldo Energia, which in turn owns Ansaldo Nucleare. The UK move is intended to bolster Ansaldo’s nuclear expertise
Ansaldo
The latest transaction follows the strategic partnership made with Shanghai Electric earlier this month. The Chinese firm is set to take a 40 per cent stake in the Italian company, which
would enable both parties to develop joint gas turbine technology and result in expansion for Ansaldo Energia’s Italian facilities.

NES says that it “specialises in the design, manufacture, assembly, test, installation and commissioning of bespoke solutions for the nuclear decommissioning, defence, and nuclear new build markets.” By adding NES’s 400 staff, three sites, and UK connections, Ansaldo Nucleare hopes to gain “wider expertise in decommissioning and nuclear plant sectors” and go on to offer a broader range of services in other international markets. It said this would be helped by “starting from the UK market, characterized by a highly positive outlook.”

NES is a contractor supporting complex projects at Sellafield, including the $2bn removal and direct encapsulation of Magnox swarf from silos. This kind of work “represents a source of potential development opportunities,” said Ansaldo Nucleare.

For more nuclear power generation news

No posts to display