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AREVA to acquire the Swedish Company Uddcomb Engineering

News brief


April 08, 2005

The AREVA Group set a formal agreement to acquire the Swedish company Uddcomb Engineering.

The acquisition will be finalized over the following weeks.

Uddcomb Engineering is a profitable company that specializes in nuclear plant maintenance, repair, upgrading and engineering services and employs 100 people. The company has a long history in the nuclear market, supplying fifteen reactor pressure vessels and other components to power plants in Sweden, Finland and Germany.

Thanks to this acquisition realized through Framatome ANP(*), AREVA will strengthen its ability to support locally its customers in the nuclear engineering and services sector. AREVA is thereby reinforcing customer relations and its commitment to the Swedish market.

(*) Framatome ANP : 66% AREVA, 34% Siemens