Cyclife completed the acquisition of Balcke-Dürr from Mutares.

Cyclife, a company specializing in nuclear decommissioning, completed the acquisition of Balcke-Dürr, a provider of nuclear decommissioning services, from Mutares, a private equity firm. Financial terms were not disclosed. “We are very proud to announce our fourth exit in 2024. The sale of Balcke-Dürr Nuklear Service marks a huge milestone in the development process of the NEM Group. With the exit of Balcke-Dürr Nuklear Service we concluded another big step in the implementation of NEM Energy Group’s strategy to strengthen the heat transfer technology business. The exit of Balcke-Dürr Nuklear Service to Cyclife Germany, a company of the EDF Group, proofs that we are able to build and develop market leaders in competitive environments. A special thanks to the Management of NEM Energy Group that is doing a great job,” Robin Laik, Mutares CEO.