Onet acquires nuclear engineering company
A
Gravatom Engineering Systems product story
Edited by the Engineeringtalk editorial team
Jan 16, 2009
Onet Group has acquired Gravatom, the British-based nuclear engineering company with manufacturing sites in Hampshire and Cumbria.
Under the terms of the deal, Gravatom will become part of Onet Technologies, the specialist nuclear and engineering division of Onet Group.
Dominique Mouillot, president of Onet Technologies.
Gravatom Engineering Systems employs 130 people at sites in Bishops Waltham, Fareham and Workington, Cumbria.
Gravatom had revenues of GBP9.7m in the period ending 31 May 2008.
Its sale paves the way for business expansion both in the UK and globally.
'Onet Technologies has acquired Gravatom as part of an ambitious strategy to expand in the UK and exploit the opportunities for nuclear decommissioning and new build,' said Dominique Mouillot, president of Onet Technologies and a member of the Onet Group board of directors.
Dave Barker will hand over the role of managing director to Pierre Bertet, who runs Onet Technologies UK.
Gravatom is known in the UK and in Europe for its capabilities in areas such as hot shielded cells, glove-boxes, flasks, packages and mechanical tools.
Gravatom also offers a range of in-house capabilities, from concept design through to manufacture, fabrication and assembly.
To achieve its goals, Onet Technologies is keen to tap into Gravatom's expertise in nuclear systems, nuclear medicine and contract manufacturing.
The acquisition will also result in more jobs.
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