Atkins acquires US based nuclear business
WS Atkins plc ("Atkins" or "the Group") is pleased to announce it has completed its acquisition of Nuclear Safety Associates, Inc ("NSA"), a 130 people engineering and technical services firm, for an initial cash consideration of US$15m (approximately £9m), together with a potential US$12m (approximately £7m) subject to the future performance of the business.
NSA brings exceptional expertise in nuclear safety, design engineering, and professional security services. It has a well established project and client base in the US nuclear market and in the year to 31 December 2013, NSA reported revenue of around US$25m (approximately £15m).
Prof Dr Uwe Krueger, Atkins' chief executive officer, commented: "This acquisition is another step towards our strategy to be one of the world's leading energy consultancies. 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."