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ONET Technologies is a highly respected, progressive company committed to strengthening Gravatom’s position in the UK

One of the world’s leading providers of corporate services, ONET Group, has acquired Gravatom, the British-based nuclear engineering company with manufacturing sites in Hampshire and West Cumbria, for an undisclosed sum.

Under the terms of the deal, Gravatom will become part of ONET Technologies, the specialist nuclear and engineering division of ONET Group. The division is the leader in France in the decommissioning market and number two after AREVA in reactor maintenance. It has a €167m turnover and employs 2,000 staff across Europe.

Gravatom Engineering Systems Ltd employs 130 people at sites in Bishops Waltham, Fareham and Workington, Cumbria. Gravatom had revenues of £9.7m in the period ending May 31st 2008. Its sale paves the way for business expansion both in the UK and globally.

Dominique Mouillot, President of ONET Technologies and a member of the ONET Group Board of Directors, said: “ONET Technologies has acquired Gravatom as part of an ambitious strategy to expand in the UK and exploit the opportunities for nuclear decommissioning and new build. Gravatom’s capabilities, coupled with ONET Technologies’ experience of decommissioning and new build in France, provides a perfect union to take the business forward and become a major player in the UK nuclear industry.”

Dave Barker, Managing Director of Gravatom, said: “The acquisition is fantastic news for Gravatom as a company, our staff, our customers and suppliers. ONET Technologies is a highly respected, progressive company committed to strengthening Gravatom’s position in the UK.

“Becoming part of ONET Technologies will drive our business forward internationally, allowing us to exploit opportunities in new build and nuclear decommissioning as well as our other core markets of nuclear medicine and contract manufacturing. Importantly, it presents a huge opportunity to exploit the Sellafield decommissioning programme and the dismantling of the Magnox graphite reactor.”

Dave Barker will hand over the role of Managing Director to Pierre Bertet, who runs ONET Technologies UK, which was set up last year to forge new business in the UK prior to the acquisition of Gravatom.

Pierre Bertet said: “Gravatom is well known in the UK and in Europe for its capabilities and achievements in areas such as hot shielded cells, glove-boxes, flasks, packages and mechanical tools. Furthermore, Gravatom has a broad range of in-house capabilities, from concept design through to manufacture, fabrication and assembly, allowing the company to deliver full turnkey solutions. To achieve its goals, ONET Technologies is keen to tap into Gravatom’s proven expertise in nuclear systems, nuclear medicine and contract manufacturing. The acquisition provides an opportunity to strengthen and adapt the company’s resources and fully exploit new build and decommissioning challenges as they arise.”

The acquisition will result in more jobs. Commenting on plans to grow the business, Pierre Bertet said: “The goal is to become a major player in the UK nuclear industry by bringing together Gravatom’s expertise with ONET Technologies’ technical know-how and experience in engineering, dismantling, decontamination, waste treatment and management, robotics and bespoke tools. To achieve this goal, additional staff will be required.”

The purchase is particularly significant for women in the nuclear industry. Dominique Mouillot is the President of the French branch of WIN, the worldwide network for women in the nuclear business. She said: “I work with other women in the industry to raise awareness about nuclear activities and help develop careers and opportunities for women in this domain. I will be more than happy to contribute to the creation of a WIN network in the UK.”
Ends
Gravatom Engineering Systems Ltd designs, manufactures and commissions engineering solutions throughout the world. The company pushes the boundaries of engineering, delivering world class products and services to customers in three core markets:

• Contract Manufacturing
• Nuclear Systems
• Nuclear Medicine

Gravatom has four high specification factories, in Hampshire and West Cumbria. Customers include: AstraZeneca plc, AWE plc, British Nuclear Group plc, British Energy plc, GE Healthcare, Siemens, CISBIO, Varian Medical Systems Ltd, Pfizer Ltd and UKAEA.

For more information please visit www.gravatom.com

The ONET Group is a key player in the corporate services sector with a turnover exceeding €1.2bn. Based in France with headquarters in Marseille, the Group operates more than 300 sites across Europe and employs more than 48,000 people. It is renowned for its responsive staff, imagination and professionalism. It has four divisions: ONET Cleaning-Multiservices, ONET Technologies, ONET Security and Axxis Resources.

For more information, please visit www.groupeonet.com

ONET Technologies is the leader in France in the nuclear decommissioning market and n°2 after AREVA in reactor maintenance. It has a turnover of €167m and employs 2,000 staff. The company’s core competencies are:
 Technical expertise and engineering
 Decontamination, decommissioning and waste management
 Maintenance of nuclear reactors
 Nuclear fuel supply
 Industrial operations
 Training and education

For more than 30 years, ONET Technologies has worked with clients at every stage in the life cycle of their industrial installations, mainly in the field of nuclear energy. The company’s extensive European network means its staff can be very reactive and responsive to client needs. Its complementary skills and technologies enable it to offer innovative, tailor-made solutions. ONET Technologies has grown consistently in the last ten years, developing partnerships with major international groups, including RedHall Group Plc in the UK, Mitsubishi Heavy Industries LTD, EIFFAGE, NUKEM in Germany, AECL, and STUDSVIK in Sweden. These alliances reinforce ONET Technologies’ skills and experience, both in France and abroad.
For more information, please visit www.onet-technologies.com

For further information please contact:
Fiona Healey or Sarah Miles, Direct2
Office: 023 8082 8500
E-mail: fiona.healey@direct2pr.co.uk / sarah.miles@direct2pr.co.uk

This press release was distributed by ResponseSource Press Release Wire on behalf of Direct2 in the following categories: Medical & Pharmaceutical, Manufacturing, Engineering & Energy, for more information visit https://pressreleasewire.responsesource.com/about.