EnergySolutions has announced it has signed a definitive agreement for the sale of its Projects, Products and Technology (PP&T) business to WS Atkins. This division comprises EnergySolutions’ European and Assia businesses as well as its North American Government business and will leave the company very focused on North America.
Atkins will pay $318 million for the PP&T business, and take on approximately 650 EnergySolutions employees. EnergySolutions will retain its logistics, processing and disposal (LP&D) business, its reactor decommissioning business, including current projects at Zion, IL and LaCrosse, WI, and its North American utility services, including liquid waste processing, fuel pool services, and other commercial projects.
David Lockwood, President and CEO of EnergySolutions explained, “This transaction positions EnergySolutions to better serve the North American utilities market and pursue the growth opportunities in the decommissioning marketplace,”
He added that, “Focusing on transportation, logistics, processing and disposal enables EnergySolutions to better meet the waste disposition needs for the U.S. Department of Energy, U.S. Navy and commercial nuclear facilities.”
This transaction is subject to regulatory approvals and is expected to be finalised in first quarter of 2016.