France’s Orano Group and the Daher Group on 4 March signed an agreement for the acquisition by Orano Nuclear Packages and Services (Orano NPS) of Daher’s German nuclear activities (Daher Nuclear Technologies - DNT) and of its North American subsidiary TLI. This is part of the Orano Group's strategy to strengthen its competencies in its core business. The entities involved “will benefit from additional know-how and an extended geographical footprint, in Germany and the United States” Orano said.
DNT and its subsidiary TLI, which have a proven expertise in the transport of nuclear materials and packaging engineering, employ together around 100 employees based in Germany (Hanau and Leese) and in the United States (Fulton, Maryland and Kevil, Kentucky). In Germany, DNT's teams have specific skills in rail transport organization and waste storage.
Orano NPS will benefit from extended range of products and services in transport and engineering, particularly in the Front End of the nuclear fuel cycle. “With some 1,000 employees worldwide, it will be able to reinforce the relationship with its main customers.” Completion of this transaction remains subject to the customary authorizations, in particular with regard to foreign investments and merger control/anti-trust laws.
Frédéric de Agostini, President of Orano NPS said, “We are happy to start a new cycle of growth with our German and American colleagues from DNT and TLI. The joint mobilisation of teams offers attractive prospects and these new establishments will enable us to strengthen our international presence, in particular with our European and American customers.”
Olaf Oldiges, Managing Director of Daher Nuclear Technologies, noted: “As a specialist in nuclear fuel logistics, we are delighted to be joining forces with a global player in the nuclear industry like Orano. The teams at DNT will now be able to leverage the experience and expertise developed in Europe and the US as part of Orano NPS.”
