Rolls-Royce to sell civil nuclear I&C firm to Framatome

Rolls-Royce to sell civil nuclear I&C firm to Framatome: Rolls-Royce will sell its civil nuclear instrumentation & control (I&C) business having signed an agreement with French firm Framatome.

The I&C business group consist of all of Rolls-Royce activities and teams situated in Grenoble in France, Prague in the Czech Republic and Beijing & Shenzhen in China.

The agreement does not contain its civil nuclear business or small modular reactor activities within the UK.

Warren East, Rolls-Royce CEO states: “This transaction marks a further simplification of our business and contributes towards our target to generate over £2bn from disposals.

“We also believe it represents the best outcome for this part of our civil nuclear operations and its people.”

The transaction is scheduled to be concluded in the second half of 2021, subject to closing circumstances, containing regulatory approvals.

In the meantime, the two businesses, will stay independent & will proceed to operate as normal.

Bernard Fontana, CEO of Framatome announced: “The purchase of the Rolls-Royce civil nuclear I&C business aligns with our strategy to ensure the continuity of a strong skill base and to expand our footprint for long term operations.

“We are committed to helping our customers sustain their nuclear power plants as reliable and competitive sources of low carbon electricity well into the future.”

Rolls-Royce to sell civil nuclear I&C firm to Framatome

, , , , , , , ,
Previous Post
Early 2030s: All cars vans & boilers must be zero carbon
Next Post
Scotland presents £18m to back sustainable farming

Related Posts

Community energy due to power 2.2m homes by 2030

Community energy due to power 2.2m homes by 2030: By 2030, community energy projects should be powering the equivalent of 2.2 million homes across the UK. That’s the verdict from Community Energy England (CEE), which says community-owned initiatives could generate 5,270MW by this time, supporting 8,700 jobs, saving 2.5 million tonnes of carbon dioxide emissions…
Read More

Subscribe to our newsletter!

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

British Utilities will use the information you provide on this form to be in touch with you and to provide updates and marketing.