newcleo has announced an agreement to purchase the shares of nuclear pumps group Pompes Rütschi SAS and Rütschi Fluid AG. The deal, for EUR68.9mn transferred ownership from Gruppo Aturia, part of WPIL Limited.
Founded in 1946 in Brugg (Switzerland) and with revenues of EUR22.3mn in the FY 2022-23, Rütschi Group is a producer of engineered pumps for nuclear applications and is involved in the provision of nuclear spares for pumps installed in existing nuclear power plants and in the development of custom-made pumps for nuclear power plants, research centers and naval applications.
In a statement, newcleo said the acquisition is an additional significant step in its industrialisation strategy, to manufacture directly key components for its Lead Fast Reactor (LFR).
Pompes Rütschi and Rütschi Fluid are based in France and Switzerland respectively.
Stefano Buono, newcleo Chairman and CEO, commented: “The addition of a further 70 colleagues with outstanding skills in nuclear engineering and project management, of manufacturing facilities in key geographies such as France and Switzerland and a high quality customer base brings a further important step in newcleo’s industrialisation strategy.”
