Engineer sets sights on expansion in the nuclear power market as it acquires American consultant Nuclear Safety Associated
Consultant Atkins has bought a 130-strong American nuclear engineering firm for a consideration of up to £16m.
Atkins firm has agreed to pay US$15m (£9m) as an initial consideration for Nuclear Safety Associated Inc and a further US$12m (£7m) subject to its future performance.
The US nuclear engineer provides advice and services to clients on nuclear safety, design engineering and professional security.
Uwe Krueger, chief executive of Atkins, said the acquisition was “another step towards” Atkins’ “strategy to be one of the world’s leading energy consultancies”.
He added: “Nuclear Safety Associated (NSA) will enhance our presence in North America, the world’s largest nuclear market, and its safety and security skills will strengthen our international nuclear offering.”
Atkins is now targeting expansion in the commercial nuclear power market and the decommissioning markets.
Chris Ball, Atkins’ managing director for the nuclear business, said: “Atkins’ nuclear business is supporting countries that are building nuclear for the first time, and those countries are establishing US-style regulatory regimes.
“NSA’s expertise in the US Nuclear Regulatory Commission regulatory environment will be of great value in delivering these projects.”