Strategic acquisition fuels expansion in high-growth nuclear sectors
Leading international systems integrator, ITI Group (ITI) today announces the acquisition of nuclear engineering services specialist Noveum Ltd (Noveum). The acquisition provides ITI expanded design and safety systems expertise, reinforcing its role in the evolving nuclear enterprise landscape.
The acquisition strengthens ITI’s civil nuclear capabilities and boosts capacity with a significant number of additional Suitably Qualified and Experienced Personnel (SQEP). It comes at a time when the sector is undergoing a period of rapid expansion with increased investment and demand for specialist services in support of the UK government investment plans. With these expanded capabilities, ITI offers integrated solutions spanning the full nuclear enterprise lifecycle, enhancing value from conceptual design through to sustained operations.
Dominic Murphy, ITI Group’s CEO commented:
“We’re delighted to welcome the Noveum team to ITI Group. We have long admired the business and the reputation it has developed in the nuclear sector. Having been proud to support national critical infrastructure for over 50 years, ITI Group and now with Noveum, offer a complete service to these sectors where growth is accelerating. The timing is strategic: as the UK targets 24GW of nuclear power by 2050 and ramps up defence investment, ITI and Noveum are joining forces to meet this rising demand. The depth of engineering knowledge and experience available is required to support and drive safety and efficiency improvements into our clients’ operations.”
Noveum Managing Director, Roger Turner said of the acquisition:
“The nuclear sector is undergoing a renewed period of development. By combining the capability of these two businesses, we will be well placed to better service the ever-growing civil nuclear enterprise sector for control and safety systems in the industry.”
The acquisition further cements ITI Group’s position as an independent international leader in systems integration for industrial applications in civil nuclear enterprises, life sciences, manufacturing, power and utilities, renewables, warehousing and oil and gas.
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