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Studsvik AB acquires US nuclear waste treatment company RACE Holdings LLC.

NORDIC BUSINESS REPORT-18 April 2006-Studsvik AB acquires US nuclear waste treatment company RACE Holdings LLC(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Swedish nuclear technology and services group Studsvik AB said on Tuesday (18 April) that it has agreed to acquire US nuclear waste handling company RACE Holdings LLC.

The acquisition will nearly double Studsvik's capacity within nuclear waste treatment and strengthen the company's position in the US market.

"The acquisition of RACE puts Studsvik in a very good position to grow, both in the commercial market and in the federal market for treatment of so called legacy waste," said Magnus Groth, CEO of Studsvik.

No financial details have been disclosed.

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUSW
Date:Apr 18, 2006
Words:126
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