NES agrees sale to Ansaldo Nucleare

23 May, 2014

Nuclear Engineering Services (NES) is delighted to announce its acquisition by Italian nuclear engineering specialist Ansaldo Nucleare; a subsidiary of Ansaldo Energia (AEN), an international expert in power generation with over 3,300 employees worldwide.

Ansaldo Nucleare specialises in nuclear component design and engineering services for clients in new power plant construction, decommissioning and waste management sectors. They have established an excellent international reputation, with a track record of over 50 years’ nuclear experience and are currently successfully delivering projects in Europe and South America.

The acquisition is worth about EUR 36 million and forms part of the framework of developments announced by Fondo Strategico Italiano for Ansaldo Energia Group at the time of the sale of 40% of AEN to Shanghai Electric (SEC), along with the creation of two joint ventures between AEN and SEC to produce gas turbines for Asian markets and the development of an R&D centre in Shanghai.

The deal with NES will enable Ansaldo Nucleare to offer an even broader range of services to meet the needs of international markets, not least in the UK where prospects are extremely promising, through extended capabilities in the decommissioning and new build nuclear plant sectors.

NES is currently undertaking a broad range of projects for the nuclear power industry and the defence sector and is also heavily engaged in the design, construction and commissioning of three large and highly complex silo emptying plants for remote material extraction at the Sellafield site. This is one of the world’s largest nuclear decommissioning sites and represents a source of potential development opportunities for the new group.

Ansaldo Nucleare, which has a powerful presence in new build projects (it built the only reactor to enter service in Europe in the last 10 years and was a supplier for the first AP1000 in China), is presently working in Argentina on safety upgrade and plant life extension (PLEX) projects and in Italy on the country’s decommissioning programme.

NES Managing Director Mike Hawe comments:
“This provides a great opportunity for all of us here at NES, supporting and improving prospects for long term future success.”