ROLLS-ROYCE HOLDINGS PLC: Rolls-Royce Acquires PKMJ Technical Services
8 January 2013
ROLLS-ROYCE EXPANDS GLOBAL NUCLEAR SERVICES FOOTPRINT
WITH ACQUISITION OF PKMJ TECHNICAL SERVICES
Rolls-Royce, the global power systems company, has today announced the
acquisition of PKMJ Technical Services, a nuclear engineering services business
in the United States.
Rolls-Royce has significant expertise in developing innovative techniques and
solutions to manage, enhance and extend the lifetime of nuclear power plants.
The acquisition of PKMJ Technical Services will accelerate growth for
Rolls-Royce in the important nuclear services market.
Lawrie Haynes, Rolls-Royce President-Nuclear, said: "Our investment in PKMJ
represents another significant step towards growing our global civil nuclear
business and providing customers with a suite of services to deliver safe and
efficient lifecycle operations.
"PKMJ supports every nuclear utility in the US and Canada with an impressive
portfolio of services and solutions and employs some of the most highly skilled
people in the industry. We look forward to welcoming them into our business."
Paul Tobin, President of PKMJ, said: "We are delighted with today's acquisition
which provides us with an excellent platform from which to grow the
comprehensive plant optimisation service that we already provide to our
customers. Rolls-Royce is trusted to deliver excellence and we are proud to be
a part of it."
Rolls-Royce supports a number of key phases of the nuclear programme, including
providing advice to governments and operators, supply chain management, and
manufacturing and technical engineering support. The Group's nuclear services
activity represents more than half of its civil nuclear business and includes
support to operational reactors in 20 countries across Europe, North America
Notes to Editors:
1. Rolls-Royce is a world-leading provider of power systems and services for
use on land, at sea and in the air, and has established a strong position in
global markets - civil aerospace, defence aerospace, marine and energy.
2. Annual underlying revenue was £11.3 billion in 2011, of which more
than half came from the provision of services. The firm and announced order
book stood at £60.1 billion at 30 June 2012, providing visibility of future
levels of activity.
3. Rolls-Royce employs over 40,000 people in offices, manufacturing and
service facilities in over 50 countries. Over 11,000 of these employees are
4. In 2011, Rolls-Royce invested £908 million on research and
development, two thirds of which had the objective of further improving the
environmental performance of its products, in particular reducing emissions.
5. Rolls-Royce supports a global network of 28 University Technology
Centres, which connect the company's engineers with the forefront of scientific
6. In North America, Rolls-Royce employs more than 9,300 people in 66
locations in 26 states and 7 locations in 6 Canadian provinces. In the
United States, Rolls-Royce employs more than 7,700 people.
7. Rolls-Royce has a large and highly experienced nuclear skills base with
approximately 3,000 employees in the UK, France, the Czech Republic, North
America and China.
8. Rolls-Royce provides nuclear power utility vendors and operators with
integrated, long-term solutions and support services. These services span
the whole reactor lifecycle, from concept design through to obsolescence
management and plant life extension. With nuclear expertise including
component manufacturing, licensing, project and supply chain management as
well as world-class engineering, the company has been a key player in the
industry for over 50 years.
9. Rolls-Royce has Nuclear Services facilities based in Williamson, NY and
Peterborough, Ont, Canada and a Nuclear Instrumentation and Control
facility based in Chattanooga, TN.
10. PKMJ Technical Services is a private company that helps utilities optimize
the safety, availability and cost effectiveness of their nuclear power plants
by understanding and proactively addressing obsolescence-related issues,
increasing component reliability and driving supply chain efficiencies.
For further information, please contact:
Director - Investor Relations
Tel: +44 (0)20 7227 9237
Director of External Communications
Tel: +44 (0)20 7227 9163
-0- Jan/08/2013 07:01 GMT
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