GE Hitachi Nuclear Energy said Monday it plans before the close of the year to buy a South Carolina company that produces equipment for decontamination and decommissioning of nuclear facilities.
The Wilmington, N.C., nuclear services provider did not say how much it will pay to acquire REI Nuclear and “certain assets.”
Founded nearly six years ago in Columbia, S.C., REI provides equipment for cutting, disassembling, and handling in nuclear D&D projects. It provided gear for GE Hitachi’s ongoing dismantlement of two reactors at Sweden’s Oskarshamn Nuclear Power Plant.
REI also provides project management and other services for decommissioning operations.
“With REI Nuclear’s technical and project planning expertise, we will be able to increase value for our customers by further strengthening the planning and field execution of decommissioning projects,” GE Hitachi Nuclear Executive Vice President Lance Hall said in a press release. “Together, we are positioned to capitalize on the rapid expansion of decommissioning projects worldwide and support our customers throughout the nuclear power plant lifecycle.”
Additional information was not available by deadline Tuesday regarding the sale. WilmingtonBiz reported Monday the deal would not cover REI Nuclear Europe, a subsidiary established in 2015 in the United Kingdom.
GE Hitachi Nuclear Energy provides services and technologies for the front and back ends of the nuclear fuel cycle, including development of small modular reactors. The company joined with Bechtel in 2017 to form a joint venture to provide nuclear decommissioning and dismantlement services in Sweden and Germany.
