Framatome has completed its acquisition of BWX Technologies' US commercial nuclear services business. With this transaction, Framatome expands its portfolio of equipment and tooling for nuclear power plant inspections and maintenance, a statement said.
“We continue to expand our portfolio of solutions to reach more of the nuclear energy market with products and services that will sustain this reliable and competitive source of low-carbon electricity well into the future,” said Catherine Cornand, senior executive vice president of Framatome’s Installed Base Business Unit. “This acquisition enhances our already strong expertise and capabilities in inspections and maintenance services that support the long-term operation of plants in the US and around the world.”
The acquisition involves an exchange of facilities and resources. Framatome assumes ownership of equipment, tooling and contracts related to BWXT’s US commercial nuclear services business, while transferring to BWXT ownership of a portion of its Mt. Athos Road facility.
“This announcement is an indicator of growth and expansion in our respective markets for both Framatome and BWXT,” commented Gary Mignogna, president and CEO of Framatome in North America. “We are committed to providing proven, reliable technologies and service to utilities to support their plant operations, while also growing our operations in Virginia.”
Framatome said it will make strategic hires from the existing BWXT team to support the increased business within its US-based Installed Base Business Unit.