Announced
Completed
Financials
Tags
Acquisition
Domestic
France
Machinery: Specialty
Completed
steam generator tubes
Majority
Private
Friendly
Single Bidder
Synopsis
Framatome, a French nuclear reactor business, completed the acquisition of Valinox Nucléaire, a French company that specializes in the production of seamless steam generator tubes for nuclear power plants, from Vallourec Group, a premium tubular solutions provider. Financial terms were not disclosed. "This acquisition strengthens our strategy to ensure the continuity of a strong skill base and industrial expertise in the production of components for all types of nuclear reactors. We are committed to serving our customers with solutions that enhance the reliability and competitiveness of low-carbon electricity generation in nuclear power plants in France and around the world," Bernard Fontana, Framatome CEO.
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