Rolls-Royce buys R. Brooks and signs deal with Rosatom

13 September 2011

Rolls-Royce has expanded its nuclear portfolio west into the USA and east into Russia with two recent business deals.

It has bought specialist US civil nuclear reactor services business R Brooks; it says that gross assets acquired were worth $14 million.

Lawrie Haynes, Rolls-Royce President-Nuclear, said: “Our investment in Brooks is a further step towards growing our global civil nuclear business. Brooks has an enviable reputation for unique inspection technology and it has some of the best people in the industry. We look forward to welcoming them into our business”.

Rolls-Royce has approximately 2,900 nuclear employees in the UK, France, US and Canada.

It has also announced that it will collaborate with Russian state-owned atomic energy corporation, Rosatom, in the area of civil nuclear power. The agreement between the two companies follows today’s joint announcement by UK Prime Minister, David Cameron, and Russian President, Dmitry Medvedev, in which the two countries pledged to work more closely in a number of areas, including civil nuclear power.

Speaking in Moscow, Cameron said: “Today we have taken a step forward in our co-operation with Russia. We have agreed to work together on a range of issues, including the development of nuclear energy and I’m delighted that this means Rolls-Royce will be working with Rosatom to bring benefits to the UK, supporting 250 companies here and safeguarding thousands of jobs.”

Rolls-Royce provides safety-critical instrumentation and control systems to all 58 operating nuclear power facilities in France and to more than 50 others across Europe, the USA and wider international markets.

It is a technology-neutral supplier to the nuclear market and has a number of agreements in place with leading companies including Areva, the UK Westinghouse AP1000 delivery consortium, Nuclear Power Delivery UK Ltd, and Larsen and Toubro.

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