newcleo has announced the completion of its acquisition of Rütschi Group, a producer of engineered pumps for nuclear applications. Pompes Rütschi SAS and Rütschi Fluid AG, collectively the Rütschi Group, was founded in 1946 in Switzerland and will add almost 70 employees to newcleo’s workforce.
newcleo, which is developing a Generation IV fast reactor using nuclear waste as fuel, regards the buy as an important milestone in its strategy to create a global manufacturing capability. It follows newcleo’s acquisition of nuclear engineering group SRS-Fucina in October.
Stefano Buono, newcleo Chairman and CEO, commented: “The completion of this acquisition is another milestone in our industrialisation strategy, marking an important step towards our aim of bringing together the best global capabilities in nuclear engineering, manufacturing and waste management.
