Rolls-Royce expands nuclear footprint with US acquisition

The UK’s Rolls-Royce (LSE:RR.) has announced the acquisition of PKMJ Technical Services, a US-based nuclear engineering services business.

In a company statement, Rolls-Royce expects the acquisition of PKMJ Technical Services to accelerate its growth in the all-important nuclear services market.

Lawrie Haynes, Rolls-Royce president-Nuclear, said: “Our investment in PKMJ represents another significant step towards growing our global civil nuclear business and providing customers with a suite of services to deliver safe and efficient lifecycle operations.

“PKMJ supports every nuclear utility in the US and Canada with an impressive portfolio of services and solutions and employs some of the most highly skilled people in the industry. We look forward to welcoming them into our business”.

Paul Tobin, president of PKMJ said: “We are delighted with [the] acquisition which provides us with an excellent platform from which to grow the comprehensive plant optimisation service that we already provide to our customers”

In February last year, the US approved construction of the first two new reactors in more than 30 years.They are to be built at Southern Company's Plant Vogtle site (pictured) in Georgia.

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