News & Events
Exciting Future for RWE NUKEM
23 May 2006
It was announced on 18 May 2006 that one of the world's leading nuclear service providers the NUKEM Group was purchased by the global private equity group, Advent International. The sale includes all the NUKEM activities and companies.
NUKEM is well established in the global nuclear services industry and enjoys an international reputation. It holds leading positions in the UK, USA, German and Eastern European nuclear decommissioning and waste management markets, and is the world’s largest independent uranium trader. The parent company is headquartered in Germany whilst in the UK NUKEM Limited’s headquarters is based at Risley in Warrington.
Michael Down, Managing Director of NUKEM Limited said, “Our change in ownership is very exciting and opens many opportunities for us. Advent’s interest is in making all the NUKEM Group companies even more successful. They firmly believe in the future of the nuclear market – here in the UK and throughout the world.”
NUKEM will be able to capitalise on increasing global demand for the decommissioning of nuclear facilities, particularly in Central and Eastern Europe, and the UK where the decommissioning market is rapidly developing.
Keith Collett, Marketing Director said, “We are delighted with the news. Advent has bought us because of our record of success. We are all looking forward to working in this new environment which promises decisive and positive support for new initiatives and proposals. There will be no impact on our projects and suppliers – we continue with business as usual. For the time being the Company will technically remain RWE NUKEM Limited – the legal change and Company re-branding will take a month or two to complete."
With nearly two decades of experience in the industrial sector, Advent is well positioned to raise the potential of the newly acquired companies.