British design and engineering consultant Atkins has acquired EnergySolutions’ projects, products, and technology (PP&T) segment for $318 million, the company announced Monday after securing regulatory authorization in North America.
In a press a release, Atkins said the acquisition will improve its access to Tier 1 government contracts for management and decommissioning of nuclear sites in North America; improve opportunities for the near and medium term in China and Japan; and strengthen the company’s position for decommissioning projects in Europe.
“We have two formidable teams on either side of the Atlantic working on some of the most technically complex challenges across the full nuclear fuel cycle,” Chris Ball, managing director of Atkins’ nuclear division in Europe, the Middle East, and Africa, said in Monday’s statement. “Our industry leading team of experts and combined proven track record puts Atkins in the enviable position as one of the leading players in our industry.”
The company said the 650-person PP&T segment is a market leader in designing systems for treatment and stabilization of high, intermediate, and low-level nuclear waste in North America, while also maintaining a “strong presence” in the Asia-Pacific. PP&T provided its services for the cleanup of radioactive water at Japan’s Fukushima Daiichi nuclear power station following the 2011 earthquake and tsunami.
“Today marks a change in what Atkins is able to offer clients – we have the capability to work on almost any project, anywhere in the world,” Mark Morant, president of Atkins’ nuclear division in the Americas and Asia-Pacific, said in the statement. “Our technology portfolio offers extensive opportunity in established and new markets alike from North America to China. It is an extremely exciting period for the business and has already opened a number of doors to future opportunities around the world.”
Acquisition of the PP&T unit, according to the release, expands Atkins’ nuclear multidisplinary capability to a “2,000-strong global team” across the U.K., North America, and China.
