The commercial arm of the UK Atomic Energy Authority (UKAEA) has been sold to Babcock International for £50M.
The sale transfers ownership of two subsidiaries - Dounreay Site Restoration Ltd (DSRL), which manages the decommissioning of the experimental reactors at Dounreay, and Research Sites Restoration Ltd (RSRL), which manages the decommissioning of sites at Winfrith and Harwell.
Both DSRL and RSRL are site licence companies responsible for the restoration of sites on behalf of the Nuclear Decommissioning Authority.
Chairman of the UKAEA, Lady Judge, said “The sale of UKAEA Limited is an excellent outcome which will build on the company’s impressive achievements to date. I am grateful to everyone in the company for all their contributions to the success which underpins today’s announcement.”
The sale to Babcock International was completed on Saturday. Senior management positions will to be filled by secondees from UKAEA, AMEC and CH2MHILL.
Simon Middlemas, managing director of Dounreay Site Restoration Ltd, said: “Our status has changed but our focus has not – to deliver the safest and most cost-effective clean-up programme possible to our customer, the NDA.”
The Dounrey site is owned by the Nuclear Decommissioning Authority.