AREVA Group to Purchase Duke Engineering & Services.Business Editors
LYNCHBURG, Va.--(BUSINESS WIRE)--Jan. 31, 2002
Framatome ANP ANP atrial natriuretic peptide.
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ANP Atrial natriuretic peptide, see there , Inc., an AREVA and Siemens company, has signed an agreement to purchase Duke Engineering & Services Inc. (DE&S), a subsidiary of Duke Energy.
DE&S, headquartered in Charlotte, N.C., is a leading engineering and technical services firm with revenues last year of more than $280 million.
The purchase will include three DE&S business groups - Nuclear, Federal and Energy & Environmental. The Nuclear Group focuses on nuclear engineering, plant upgrades, instrumentation and control and spent fuel storage engineering. The Federal Group provides engineering and site management for several Department of Energy nuclear sites. The Energy and Environmental Group serves the hydro hy·dro
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Framatome ANP, Inc. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tom Christopher said the acquisition of the global engineering company emphasizes Framatome ANP, Inc.'s commitment to the future of nuclear energy and to expanding its energy services businesses.
"The synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. between Framatome ANP, Inc. and DE&S will be excellent because of DE&S' proficiencies and our strategic goals in the energy industry," said Christopher. "As the world leader in nuclear engineering, nuclear fuel and nuclear services, this addition enables us to significantly broaden our business portfolio in the U.S."
Christopher indicated that he is very pleased to add Charlotte, N.C. to corporate locations in Richland, Wash., Atlanta, Ga. and Lynchburg, Va.
"Charlotte is acknowledged as a leading banking, financial and business center in the eastern U.S.," he said. "We are proud to be growing our engineering services businesses in this thriving commerce center."
The sale is expected to close in the second quarter, 2002.
The incorporation of DE&S into Framatome ANP, Inc. will add about 1,250 employees to the 2,200 already employed by Framatome ANP, Inc. in the U.S.
Two current components of DE&S are not part of the sale. Duke Energy will establish Duke Energy - Energy Delivery Services, formed by the power delivery services component of DE&S. Duke Energy - Energy Delivery Services will continue to supply a full range of power delivery solutions to its customers. Leadership of the U.S. Department of Energy Mixed Oxide A mixed oxide is an oxide of more than one chemical element.
See for a list. Also see MOX fuel for mixed-oxide nuclear fuel. Discussion
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Framatome ANP (Advanced Nuclear Power), an AREVA and Siemens company, is the world's premier nuclear supplier. Framatome ANP's focus includes comprehensive engineering, instrumentation and control, nuclear services, heavy component manufacture, modernization modernization
Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, , fuel assemblies for many reactor Reactor (electricity)
A device for introducing an inductive reactance into a circuit. Inductive reactance x is a function of the product of frequency f and inductance L; thus, x = 2πfL. designs, including those supplied by other vendors, and the development and construction of nuclear power plants and research reactors Research reactors are nuclear reactors that serve primarily as a neutron source. They are also called non-power reactors, in contrast to power reactors that are used for electricity production, heat generation, or submarine propulsion. .
Framatome ANP is headquartered in Paris with principal subsidiaries in the U.S. and Germany. In the company, AREVA has a 66% shares and Siemens 34%. Framatome ANP has a total workforce of approximately 13,000 worldwide and posts annual revenues totaling about $2.3 billion.
The AREVA Group, which combines the forces of Cogema, Framatome ANP and Framatome Connectors International, has sales exceeding $8.6 billion and more than 50,000 employees. The AREVA Group is the world leader in nuclear power and the second largest group worldwide in connectors. The total revenue from its North American North American
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For further information, visit: http://www.framatome-anp.com .