UK service supplier Nuclear Engineering Services Limited has received ‘significant’ investment from two banks: Lloyds TSB Development Capital and the Co-Operative Bank.
The undisclosed investment “underpins our overall growth and development strategy whilst delivering financial backing to realise our full potential within the nuclear market,” a company statement said.
The parent company, Nuclear Engineering (Holdings) Limited was formed in December 2003 when industrial water cutting company Power Jet systems, and other investors, bought Rolls-Royce Nuclear Engineering Services.
The company has contracts from long-term nuclear decommissioning projects, according to a press release from law firm Pinsent Masons, who advised Lloyds TSB on the deal.
Related ArticlesIAEA forum on fuel Greenpeace issues legal challenge to Areva over foreign waste French to debate waste Lithuania adopts Andra’s radioactive waste disposal concept
