Bloomberg News

Rolls-Royce Expands Nuclear-Energy Operations With PKMJ Purchase

January 08, 2013

Rolls-Royce Holdings Plc (RR/) is expanding its nuclear energy operations with the purchase of U.S. engineering firm PKMJ Technical Services.

The acquisition for an undisclosed price aims to accelerate growth in nuclear services, London-based Rolls-Royce said in a statement today. It is the company’s second acquisition in the U.S. in this industry, where it supports about half the nuclear reactors.

Rolls-Royce, Europe’s largest maker of commercial aircraft engines, has been working to bolster its non-aerospace activities in both renewable and nuclear energy. The company last year announced a collaboration with Hitachi Ltd. (6501) to work on new atomic reactors in the U.K.

“PKMJ supports every nuclear utility in the U.S. and Canada with an impressive portfolio of services,” said Lawrie Haynes, president of Rolls’s nuclear business. The purchase “represents another significant step towards growing our global civil nuclear business,” he said.

Moon Township, Pennsylvania-based PKMJ employs about 100 people. The deal “provides us with an excellent platform from which to grow the comprehensive plant optimization service that we already provide,” PKMJ President Paul Tobin said.

To contact the reporter on this story: Robert Wall in London at rwall6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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