Atkins and French engineering firm Assytem has formed a 50/50 nuclear engineering joint venture to target the growing international new-build market.
The new joint venture will be known as Nuclear Atkins Assystem Alliance will combine both companies expertise to meet demand from governments and utilities in countries developing nuclear power and will provide services in new build as well across the entire nuclear fuel cycle.
Atkins and Assystem employ some 27,000 highly trained professionals. The Nuclear Atkins Assystem Alliance is supported by this talent pool, of which 3,000 are professionals with nuclear skills, capable of delivering the engineering services needed to keep pace with this fast-growing sector.
The firm will be headquartered in France, with Atkins and Assytem continuing to serve their home markets as separate entities.
“This is an important step for Atkins,” said Atkins’ energy business managing director Martin Grant. “We’ve been working in the industry for 40 years and we’ve had great experience working with Assytem in the Fusion project in the South of France. Both companies have similar cultures.”
“Nuclear engineering is a key part of Atkins’ strategy going forward,” Atkins chief executive Keith Clarke. “The alliance with Assystem will give us a strong platform from which to deliver nuclear services to emerging international markets.”
“The combination of our collective nuclear expertise will position us superbly to pursue opportunities in a broader array of markets with a wider range of services which go beyond our considerable presence in our own home markets.”
The International Atomic Energy Agency (IAEA) states that more than 30 countries are using nuclear power as a sustainable energy source and another 30 are considering development. Together, these countries represent a market of more than 200 new reactors over the next 20 years.