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EnergySolutions Acquires Studsvik Assets & Technology

Source: www.gulfoilandgas.com 2/12/2014, Location: North America

EnergySolutions, Inc. has reached an agreement to acquire Studsvik, Inc.'s Tennessee processing facilities and exclusive rights to its THOR technology in the commercial North America market and China.

The agreement also includes EnergySolutions' acquisition of Studsvik Inc.'s membership interests in Semprasafe, LLC, which is a joint venture with EnergySolutions.

"This acquisition and the buyout of Studsvik's interest in the Semprasafe joint venture will further strengthen our position as the market leader in low-level nuclear waste, "said David Lockwood, President and CEO of EnergySolutions. "With this transaction, we are expanding our range of products and services to offer our customers a complete solution transportation, processing and disposal for waste management."

The parties expect this transaction to close on or before March 01, 2014.

EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.

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