Framatome has signed a sale purchase agreement with Rolls-Royce to acquire its civil nuclear instrumentation and control business, the companies announced on December 7. The I&C business includes all Rolls-Royce activities and teams based in France, the Czech Republic, and China.
Business as usual: The transaction is expected to close at the beginning of the second half of 2021, subject to customary closing conditions, including regulatory approvals. In the meantime, the two companies will remain independent and will continue to operate as normal.
What it means: Through this acquisition, Framatome will expand its global capabilities in I&C systems. “These systems serve as part of the ‘central nervous system’ of a nuclear power plant and allow operators to control the reactor," according to Framatome. It will incorporate Rolls-Royce’s products and technologies, which are installed in 150 operating reactors worldwide, as part of its I&C portfolio.
Rolls-Royce indicated that no United Kingdom–based employees are affected by the agreement, which does not include its U.K. civil nuclear business or small modular reactor activities.