AREVA to acquire the Swedish Company Uddcomb Engineering
ACTIVITIES / NUCLEAR POWER
April 08, 2005
The AREVA Group set a formal agreement to acquire the Swedish company Uddcomb Engineering.
The acquisition will be finalized over the following weeks.
Uddcomb Engineering is a profitable company that specializes in nuclear plant maintenance, repair, upgrading and engineering services and employs 100 people. The company has a long history in the nuclear market, supplying fifteen reactor pressure vessels and other components to power plants in Sweden, Finland and Germany.
Thanks to this acquisition realized through Framatome ANP(*), AREVA will strengthen its ability to support locally its customers in the nuclear engineering and services sector. AREVA is thereby reinforcing customer relations and its commitment to the Swedish market.
(*) Framatome ANP : 66% AREVA, 34% Siemens