newcleo to acquire SRS and Fucina.

newcleo, a clean and safe nuclear technology company, agreed to acquire SRS and Fucina, two energy and nuclear engineering companies. Financial terms were not disclosed. “I am delighted to welcome the SRS-Fucina team to newcleo. We are at a very exciting stage of our growth, with our current capital fund raise and the ongoing talent recruitment efforts taking us to around 250 people in 20 months. The addition of a further 110 colleagues from SRS-Fucina with outstanding skills, the group’s first-class manufacturing facilities and existing customer contract portfolio brings a strong step change for us. We are laser focused on accelerating on the delivery of our ambitious project timelines, with our first nuclear reactor operating in 2030 in France. This acquisition is a significant milestone and is part of our global strategy aiming at creating our global manufacturing capability through a mix of European suppliers, key partnerships and acquisitions,” Stefano Buono, newcleo Chairman and CEO.