Rolls-Royce expands nuclear services operations with acquisition
Power systems giant Rolls-Royce has acquired American business PKMJ Technical Services in an attempt to accelerate growth in the important nuclear services market.
Power systems giant Rolls-Royce has acquired American business PKMJ Technical Services in an attempt to accelerate growth in the important nuclear services market.
The acquisition, for an undisclosed amount, "represents another significant step towards growing our global civil nuclear business and providing customers with a suite of services to deliver safe and efficient lifecycle operations," according to Lawrie Haynes, the President of Rolls-Royce's Nuclear division.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Rolls-Royce's nuclear services activity account for more than half of its civil nuclear business.
In a separate statement, the company said that it has won a £26m order to provide a design, power and propulsion and equipment package for four Rolls-Royce UT 771 CDL offshore supply vessels to be built at a Chinese shipyard for a Hong Kong owner. The contract also includes options for four additional vessels.
Anders Almestad, the President of Rolls-Royce Offshore, said: "We are very pleased that COSCO have chosen to come back to us with a new customer. This shows that they have confidence in our integrated systems and ship design capabilities.
BC
-
The UK areas which saw biggest jump in asking prices in 2025 – is yours on the list?We look at the UK areas where asking prices rose the most last year.
-
‘Sandwich generation’ carers losing £6,000 a year to support elderly relativesMiddle-aged adults are often caught between caring for children or grandchildren and their elderly parents, leaving them taking time out of the workforce and facing a huge hit to wages while they are still trying to save for retirement. We look at the true cost of caring.
