Silex and Cameco to acquire GE-Hitachi Global Laser Enrichment.

Silex Systems, an Australian platform technology company, and Cameco, a uranium company, agreed to acquire GE-Hitachi Global Laser Enrichment, a uranium enrichment company, from GE-Hitachi Nuclear Energy, a provider of advanced reactors and nuclear services. Financial terms were not disclosed. On completion of the purchase, which is also subject to US government approval, Silex will hold a 51% interest in GLE while Cameco's share will increase from its current 24% to 49%. "Successful closing of the agreement will enable GLE to continue the development programme for the SILEX technology at the Test Loop facility in the US, and to potentially move towards commercialising the technology through the Paducah project," Michael Goldsworthy, Silex CEO.