ROLLS-ROYCE HOLDINGS PLC: Rolls-Royce Acquires PKMJ Technical Services
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 and Asia.
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 engineers.
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 research.
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:
Simon Goodson Director - Investor Relations Rolls-Royce plc Tel: +44 (0)20 7227 9237 email@example.com
Josh Rosenstock Director of External Communications Rolls-Royce plc Tel: +44 (0)20 7227 9163 firstname.lastname@example.org
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