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N.C.-based nuclear services company acquiring REI Nuclear

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Wilmington, N.C.-based GE Hitachi Nuclear Energy, a global provider of advanced reactors and nuclear services, is acquiring Columbia-based REI Nuclear LLC, a decommissioning technology and tooling design company.

The acquisition is expected to close by the end of 2018, according to a news release.

REI Nuclear performs preliminary design, testing, tooling, project management, technical support, segmentation planning and waste management for nuclear facility decommissioning and dismantlement projects.

“With REI Nuclear’s technical and project planning expertise, we will be able to increase value for our customers by further strengthening the planning and field execution of decommissioning projects,” Lance Hall, executive vice president of GEH, said in the release. “Together, we are positioned to capitalize on the rapid expansion of decommissioning projects worldwide and support our customers throughout the nuclear power plant lifecycle.”

GEH has worked with REI Nuclear on projects including the dismantling of two reactors at the Oskarshamn Nuclear Power Plant near Oskarshamn, Sweden.

“The combination of the decades of decommissioning know-how of GEH and REI Nuclear has proven to be a highly successful project team,” Grant Phillips, CFO of REI Nuclear, said. “We could not be more pleased to continue supporting GEH in nuclear plant decommissioning projects.”

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December 30, 2018

With the age of some of these reactors and with solar and wind are growing at such fast rates it seems like these types of projects are going to be occurring much more frequently. This seems like a good acquisition.