17th Nov 2015 08:04
LONDON (Alliance News) - Engineering, design and project management consultancy WS Atkins PLC on Tuesday said it has acquired the projects, products and technology arm of EnergySolutions, the nuclear engineering services company.
FTSE 250-listed Atkins said the deal values the business at USD318.0 million and will further the group's presence in the nuclear energy market.
Atkins said the deal will provide it will immediate access to a series of Tier 1 contracts for the management and decommissioning of nuclear sites in North America and will give it a bigger footprint in Asia Pacific, a fast-growing decommissioning market.
"This acquisition accelerates our nuclear strategy and creates a global platform. Our combined business is well positioned in all the major nuclear markets in North America, UK, Europe, Middle East and Asia Pacific," said Atkins Chief Executive Uwe Krueger.
Shares in Atkins opened up 3.8% to 1,414.30 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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