Framatome and Naval Group completed the acquisition of Jeumont Electric from Altawest.

Framatome, a nuclear reactor business, and Naval Group, an industrial group specializing in naval defense design, completed the acquisition of Jeumont Electric from Altawest. Financial terms were not disclosed. “Jeumont Electric is a strategic supplier to the nuclear industry and has recognized expertise in the manufacture and maintenance of motors and equipment for the energy and defense sectors. This acquisition secures our supply chain and is a response to sovereignty issues. The existing Framatome site in Jeumont and the Jeumont Electric site share a common history. The close proximity of the two sites will allow industrial complementarities. I welcome the employees of Jeumont Electric to our team," Bernard Fontana, Framatome CEO.