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Atkins (WS) (ATK)

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Tuesday 12 April, 2016

Atkins (WS)

Atkins completes acquisition

RNS Number : 8526U
Atkins (WS) PLC
12 April 2016
 

WS Atkins plc completes the acquisition of nuclear services division of EnergySolutions

 

WS Atkins plc ("Atkins"), the design, engineering and project management consultancy, is pleased to announce that on 11 April 2016 it completed its previously announced acquisition of the Projects, Products and Technology segment of EnergySolutions ("PP&T").

 

PP&T is an innovative nuclear energy business, comprising 650 people delivering a wide range of technical engineering and programme management services for the decontamination and decommissioning of high hazard government nuclear facilities.

 

Professor Dr Uwe Krueger, CEO said, "This acquisition accelerates our nuclear strategy and creates a global platform. Our combined business is well positioned in all the major nuclear markets in North America, UK, Europe, Middle East and Asia Pacific. In the US, which has the largest nuclear fleet, we are at the top table for decommissioning, site operations, major projects and consultancy."

 

Atkins acquired PP&T for an enterprise value of US$318m. The consideration was funded from Atkins' existing cash resources and available committed bank facilities.

 

 

Ends

 

 

Enquiries

 

Heath Drewett

Group finance director

 

+44 (0) 20 7121 2000

Kate Moy

Investor relations director

 

+44 (0) 20 7121 2000

Sara Lipscombe

Group communications director

+44 (0) 20 7121 2000

 

 

Notes to editors

 

Atkins (www.atkinsglobal.com) is one of the world's most respected design, engineering and project management consultancies, employing some 18,600 people across the UK, North America, Middle East, Asia Pacific and Europe. We build long term trusted partnerships to create a world where lives are enriched through the implementation of our ideas. You can view Atkins' recent projects on our website.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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