- newcleo completes announced acquisition of Rütschi Group, a leading producer of engineered pumps for nuclear applications
- Acquisition adds almost 70 employees to newcleo’s workforce and bolsters the company’s outstanding capabilities for nuclear engineering and manufacturing
LONDON, UK – 20 December 2023 – newcleo, the clean and safe nuclear technology company developing innovative Generation IV reactors using nuclear waste as fuel, has today closed its previously announced acquisitions of Pompes Rütschi SAS and Rütschi Fluid AG – the two firms are jointly referred to as the Rütschi Group.
Founded in 1946 in Brugg (Switzerland) and with revenues of EUR22.3 million in the FY 2022-23, Rütschi Group brings a wealth of experience and expertise as a leading producer of engineered pumps for nuclear applications and adds almost 70 employees to newcleo’s workforce.
Under newcleo’s ownership, Rütschi Group will continue to serve its blue-chip customer base and generate revenue, whilst becoming integral to the delivery of newcleo’s ambitious plans.
The completion of the acquisition is an important milestone in newcleo’s strategy to create a global manufacturing capability through a mix of European suppliers, key partnerships and acquisitions. It follows newcleo’s completed acquisition of SRS-Fucina Group in October, which has already enhanced the company’s nuclear engineering, manufacturing and waste management capabilities
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.
“We look forward to working with the Rütschi Group team as part of the our group, as we move closer to realising the delivery of next generation nuclear energy at pace.”
newcleo was advised by Baker McKenzie (team led by Paolo Ghiglione) and EY (team lead by Stefano Robotti); Gruppo Aturia was advised by UBS (team led by Franco Cappiello), BonelliErede and KPMG.