CHARLOTTE, North Carolina (January 18, 2018) — Framatome today announced an agreement with Schneider Electric to acquire Schneider’s nuclear automation business. The two companies recently signed an asset purchase agreement that outlines the terms of the sale, which is expected to close before the end of the first quarter of 2018.
The acquisition expands Framatome’s instrumentation and control (I&C) offerings. These systems are the central nervous system of a nuclear power plant, allowing operators to control reactor operations. Modernizations, upgrades and ongoing support are vital to manage economic, long-term operation of nuclear power. More than 80 safety I&C systems have been installed by Framatome on 44 reactors in 17 countries across the world, and approximately 250 automation systems have been installed or are being installed by Schneider Electric.
The agreement between Framatome and Schneider Electric also creates a long-term manufacturing partnership, which gives customers I&C options based on a comprehensive global technical expertise and market knowledge.
“This is an exciting time of growth for our company, and the acquisition and partnership with Schneider Electric build on our long history of providing nuclear operators with both digital and analog I&C solutions,” said Gary Mignogna, president and CEO of Framatome Inc. “With this acquisition, we will provide long-term support for our customers’ systems and serve as the original equipment manufacturer for their I&C upgrades and modernizations.”
On December 31, 2017, New NP, part of the company previously known as AREVA NP, was sold to the EDF Group (75.5 percent), Mitsubishi Heavy Industries (19.5 percent) and Assystem (5 percent). In January 2018, New NP became Framatome, a leader in the nuclear energy market with a focus on servicing and fueling today’s fleet and advancing nuclear energy.