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.

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.

"PKMJ supports every nuclear utility in the US and Canada with an impressive portfolio of services and solutions and employs some of the most highly skilled people in the industry. We look forward to welcoming them into our business."

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