Eckert & Ziegler acquires sources and waste business of EnergySolutions in the UK

(PresseBox) ( Berlin, )
Eckert & Ziegler AG is to acquire EnergySolution's UK sources and waste business effective June 2013. The waste management segment, based in Didcot near London, provides a range of services centered on the management of low-level radioactive materials and sources. EnergySolutions EU made the decision to sell the division in line with its corporate focus on serving the nuclear decommissioning, clean-up and waste management markets in the UK and mainland Europe.

The business unit generated sales of around €2.5 million in 2012 with its 12 employees and, following its acquisition, will significantly reinforce Eckert & Ziegler's role as an international company in the safe disposal and recycling of industrial, scientific and medical radiation sources.

"We don't expect the acquisition to pressure our earnings," explained Dr. Gunnar Mann, Head of Environmental Services. "In fact, we will be able to take advantage of major synergies with existing business in Environmental Services right from the get-go. This takeover will also help us strengthen our position as the first port of call in the UK for the safe disposal and professional recycling of radiation sources. We are excited to have acquired such an experienced team of experts and believe that our customers will be able to benefit hugely from the new addition."

Richard Waite, President, UK and Europe at EnergySolutions said: "I am delighted that Eckert & Ziegler will be the ones taking forward the continuing growth of the sources and waste business. Our over-riding aim at the beginning of the sale process was to find a good home for the business and Eckert & Ziegler represent a strong and complimentary fit for the specialist services it offers customers. We are confident that the skilled and dedicated staff at Didcot will be a valuable asset for Eckert & Ziegler as it grows its business base."

About EnergySolutions

EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.
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