SYS-CON MEDIA Authors: RealWire News Distribution, Kevin Benedict, Jason Bloomberg, Bob Gourley, Greg Schulz

News Feed Item

EnergySolutions Acquires Studsvik, Inc. Assets and Technology

SALT LAKE CITY, UT -- (Marketwired) -- 02/12/14 -- EnergySolutions, Inc. today announced it has reached an agreement to acquire Studsvik, Inc.'s Tennessee processing facilities and exclusive rights to its THOR technology in the commercial North America market and China.

The agreement also includes EnergySolutions' acquisition of Studsvik Inc.'s membership interests in Semprasafe, LLC, which is a joint venture with EnergySolutions.

"This acquisition and the buyout of Studsvik's interest in the Semprasafe joint venture will further strengthen our position as the market leader in low-level nuclear waste, "said David Lockwood, President and CEO of EnergySolutions. "With this transaction, we are expanding our range of products and services to offer our customers a complete solution -- transportation, processing and disposal -- for waste management."

The parties expect this transaction to close on or before March 01, 2014.

EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.

For additional information please contact
Mark Walker
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.