Defence and support services company
VT Grouphas agreed to acquire nuclear services specialists British Nuclear Group Project Services from
British Nuclear Group.
The acquisition, scheduled to complete next month, is worth £45m, but could increase by up to another £30m depending on the company’s profitability.
Project Services provides nuclear decommissioning services in the
VT Group chief executive Paul Lester said: ‘Project Services is highly regarded as a leading provider of nuclear decommissioning and waste treatment engineering services. The acquisition provides VT with entry to a new market where our core competencies in engineering services and the management of critical assets for government customers are well suited.'
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