Goodbye to AEA

29 November 2000


AEA Technology is getting out of the nuclear industry. The engineering side could be sold within the month, according to chairman Anthony Cleaver.

Cleaver wants to slim the group’s portfolio, and concentrate on rail, environment and its future technolgies start ups. The company earned £70 million in the first half of this year, but Cleaver said: “Nuclear is a mature market and we do not see opportunities for significant growth as we do elsewhere. It is not a vote of no confidence, it is just a realistic response to what has been happening over the last few years.” It is thought likely that BNFL or Siemens could be potential bidders.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.