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![]() by Staff Writers Paris, France (SPX) Dec 09, 2020
Framatome signed a sale purchase agreement with Rolls-Royce to acquire its Civil Nuclear Instrumentation and Control (I&C) business, which has operations principally in France, and to a lesser extent China. The transaction is expected to close at the beginning of the second half of 2021, subject to customary closing conditions including regulatory approvals. In the meantime, the two companies remain independent and will continue to operate in the ordinary course. "The purchase of the Rolls-Royce Civil Nuclear I&C business aligns with our strategy to ensure the continuity of a strong skill base and to expand our footprint for long-term operations," said Bernard Fontana, CEO of Framatome. "We are committed to helping our customers sustain their nuclear power plants as reliable and competitive sources of low-carbon electricity well into the future." Through this acquisition, Framatome will add to its engineering expertise, and expand its global capabilities in I&C systems. These systems serve as part of the "central nervous system" of a nuclear power plant and allow operators to control the reactor. Framatome will incorporate Rolls-Royce's products and technologies, which are installed in 150 operating reactors worldwide, as part of its I&C portfolio. This transaction will allow Framatome to integrate all safety critical functions, to serve its clients and particularly the French nuclear plants. "At Framatome, we are committed to growing our business and strengthening our I&C capabilities to serve our customers," said Frederic Lelievre, senior executive vice president of Sales, Regional Platforms and the I&C Business Unit at Framatome. "This acquisition builds on our long history of providing nuclear operators with I&C solutions and positions us near customers for enhanced delivery and response to emerging needs." Rolls-Royce has been involved in major nuclear programs worldwide. The company has provided analog and digital safety I&C systems for nuclear reactors of all types around the world.
![]() ![]() Global Nuclear Fuel Advanced Fuel Assemblies to be Evaluated at Oak Ridge National Laboratory Wilmington NC (SPX) Dec 07, 2020 Global Nuclear Fuel (GNF) has announced that lead test assemblies of its Accident Tolerant Fuel (ATF) solutions have been delivered to the U.S. Department of Energy's (DOE) Oak Ridge National Laboratory (ORNL) for examination after commercial operation. The unfueled IronClad lead test rods and fueled ARMOR lead test rods, the first to be installed in a commercial reactor, successfully completed a 24-month fuel cycle at the Edwin I. Hatch Nuclear Plant in Georgia and are the first commercially oper ... read more
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