Nordic Business Report-April 18, 2006-Studsvik AB acquires US nuclear waste treatment company RACE Holdings LLC
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The Swedish nuclear technology and services group Studsvik AB said on Tuesday (18 April) that it has agreed to acquire US nuclear waste handling company RACE Holdings LLC.
The acquisition will nearly double Studsvik's capacity within nuclear waste treatment and strengthen the company's position in the US market.
"The acquisition of RACE puts Studsvik in a very good position to grow, both in the commercial market and in the federal market for treatment of so called legacy waste," said Magnus Groth, CEO of Studsvik.
No financial details have been disclosed.
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