| Studsvik acquires the British company ERS | | Print | |
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The following press release was issued today by Studsvik: Studsvik acquires the British company ERS Studsvik is strengthening its position in the British market by acquiring Environmental Remediation Services Limited (ERS), a company specialising in waste management, decommissioning and radiological protection services to nuclear facilities. A considerable market in decommissioning of nuclear plants is beginning to take shape in the United Kingdom. The British nuclear program covers approximately 40 power reactors, half of which have been shut down but not yet dismantled, and many major nuclear facilities of other kinds. The United Kingdom government has recently formed a new organisation Nuclear Decommissioning Authority (NDA) to take responsibility for managing the majority of UK civil nuclear liabilities. This includes commitments to encourage greater competition and to accelerate the discharging of liabilities. Studsvik is a leading supplier of decommissioning services and a world leader in the field of nuclear waste treatment. ERS, based in Newcastle upon Tyne, is an independent engineering consultancy with ten employees and a broad network of contacts in the British market. "ERS is a small but strategically significant acquisition for Studsvik in a growing market", says CEO Hans-Bertil Håkansson. "It gives us the opportunity of rapidly introducing the methods and technologies we have developed in our operations in Sweden, Germany and the US. We intend to grow in the United Kingdom with ERS as a basis, but also see the possibility of supplementary acquisitions and alliances." Facts about Studsvik Studsvik is a leading service supplier to the international nuclear industry. The company has almost a half century's experience of nuclear technology and radiological services. Studsvik addresses a market in strong growth with specialized services in four Strategic Business Areas: Operating Efficiency and Safety, Service and Maintenance, Waste Treatment and Decommissioning. Studsvik has 1,300 employees in 7 countries and the company's shares are listed on the Stockholm Stock Exchange's O list. http://hugin.info/131689/R/996769/151431.pdf For further information, please contact Hans-Bertil Håkansson, Chief Executive Officer, phone 46 155 22 10 26 This press release was brought to you by Hugin Online, distributor of electronic press releases for companies listed on selected European stock exchanges. |
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