Global industrial simulation companies Corys SAS (a common subsidiary of Areva NP and EDF) and RSI (a subsidiary of IFP Training) merged on 10 July, with the full organisational merger expected to be completed by the end of the year.
Corys, 66% owned by Areva NP and 34% by EDF, supplies simulators to "many of the world's largest nuclear power providers, regulatory agencies, engineering suppliers, and reactor vendors", while RSI provides training and engineering simulators to the oil and gas industries. The headquarters of the combined organisation, Corys SAS, will be in Grenoble, France, where both companies are based.
Current Corys CEO, Ralf Gathmann, will be CEO of the combined company, while Philippe Vacher, the current CEO of RSI, will become chief strategy officer. The combined company will be owned 50% by Areva NP, 25% by EDF and 25% by IFP Training, IFP Energies Nouvelles group.