Rolls-Royce Acquires PKMJ Technical Services

ROLLS-ROYCE HOLDINGS PLC - Rolls-Royce Acquires PKMJ Technical Services

PR Newswire

London, January 7

Rolls-Royce, the global power systems company, has today announced theacquisition of PKMJ Technical Services, a nuclear engineering services businessin the United States.

Rolls-Royce has significant expertise in developing innovative techniques andsolutions to manage, enhance and extend the lifetime of nuclear power plants.The acquisition of PKMJ Technical Services will accelerate growth forRolls-Royce in the important nuclear services market.

Lawrie Haynes, Rolls-Royce President-Nuclear, said: "Our investment in PKMJrepresents another significant step towards growing our global civil nuclearbusiness and providing customers with a suite of services to deliver safe andefficient lifecycle operations.

"PKMJ supports every nuclear utility in the US and Canada with an impressiveportfolio of services and solutions and employs some of the most highly skilledpeople in the industry. We look forward to welcoming them into our business."

Paul Tobin, President of PKMJ, said: "We are delighted with today's acquisitionwhich provides us with an excellent platform from which to grow thecomprehensive plant optimisation service that we already provide to ourcustomers. Rolls-Royce is trusted to deliver excellence and we are proud to bea part of it."

Rolls-Royce supports a number of key phases of the nuclear programme, includingproviding advice to governments and operators, supply chain management, andmanufacturing and technical engineering support. The Group's nuclear servicesactivity represents more than half of its civil nuclear business and includessupport to operational reactors in 20 countries across Europe, North Americaand Asia.

1. Rolls-Royce is a world-leading provider of power systems and services foruse on land, at sea and in the air, and has established a strong position inglobal markets - civil aerospace, defence aerospace, marine and energy.

2. Annual underlying revenue was £11.3 billion in 2011, of which morethan half came from the provision of services. The firm and announced orderbook stood at £60.1 billion at 30 June 2012, providing visibility of futurelevels of activity.

3. Rolls-Royce employs over 40,000 people in offices, manufacturing andservice facilities in over 50 countries. Over 11,000 of these employees areengineers.

4. In 2011, Rolls-Royce invested £908 million on research anddevelopment, two thirds of which had the objective of further improving theenvironmental performance of its products, in particular reducing emissions.

5. Rolls-Royce supports a global network of 28 University TechnologyCentres, which connect the company's engineers with the forefront of scientificresearch.

6. In North America, Rolls-Royce employs more than 9,300 people in 66locations in 26 states and 7 locations in 6 Canadian provinces. In theUnited States, Rolls-Royce employs more than 7,700 people.

7. Rolls-Royce has a large and highly experienced nuclear skills base withapproximately 3,000 employees in the UK, France, the Czech Republic, NorthAmerica and China.

8. Rolls-Royce provides nuclear power utility vendors and operators withintegrated, long-term solutions and support services. These services spanthe whole reactor lifecycle, from concept design through to obsolescencemanagement and plant life extension. With nuclear expertise includingcomponent manufacturing, licensing, project and supply chain management aswell as world-class engineering, the company has been a key player in theindustry for over 50 years.

9. Rolls-Royce has Nuclear Services facilities based in Williamson, NY andPeterborough, Ont, Canada and a Nuclear Instrumentation and Controlfacility based in Chattanooga, TN.

10. PKMJ Technical Services is a private company that helps utilities optimizethe safety, availability and cost effectiveness of their nuclear power plantsby understanding and proactively addressing obsolescence-related issues,increasing component reliability and driving supply chain efficiencies.

For further information, please contact:

www.Rolls-Royce.com