Nukem Energy

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Nukem Energy GmbH
Industry Nuclear fuel
Founded 1 April 1960 (1960-04-01) as Nuklear-Chemie und -Metallurgie GmbH
Founder Degussa
Rio Tinto
Mallinckrodt
Headquarters Alzenau, Germany
Parent Cameco
Website www.nukem.de

Nukem GmbH, together with its subsidiary Nukem Inc., markets nuclear fuel components and speciality products utilities worldwide. Since the 1970s, Nukem has transitioned from playing a modest role in uranium brokerage to becoming one of the world's largest intermediaries in the international nuclear fuel market.

History[edit]

Nukem was established in 1960 by Degussa, Rio Tinto and Mallinckrodt. In 1965, RWE acquired 25% of shares.

Effective April 1, 2006, the private equity firm Advent International has taken over Nukem.

In 2007, Nukem sold its subsidiaries NUKEM Ltd. to Freyssinet SAS, NUKEM Corp. to EnergySolutions, NIS Ingenieure and Assistance Nucleaire S.A. to Siempelkamp. On 14 December 2009, Nukem sold its subsidiary Nukem Technologies, which is dealing with nuclear power plant decommissioning, waste management and engineering servicesn, to Russian Atomstroyexport for €23.5 million.[1]

In 2012, the company was acquired by Cameco.[2]

Operations[edit]

The company markets nuclear fuel components to utilities in North and South America, Western Europe and the Far East.

References[edit]

  1. ^ "Atomstroyexport buys NPP decommissioning technology". Kommersant. RIA Novosti. 2009-12-25. Retrieved 2009-12-26. 
  2. ^ "Cameco to buy Nukem Energy". World Nuclear News. 2012-05-14. Retrieved 2012-05-15. 

External links[edit]