Nukem GmbH, together with its subsidiary Nukem Inc., markets

nuclear fuel Nuclear fuel is material used in nuclear power stations to produce heat to power turbines. Heat is created when nuclear fuel undergoes nuclear fission. Most nuclear fuels contain heavy fissile actinide elements that are capable of undergoi ...

components and speciality products utilities worldwide. Since the 1970s, Nukem has transitioned from playing a modest role in uranium brokerage to becoming one of the world's largest intermediaries in the international nuclear fuel market.

History

Nukem was established in 1960 by Degussa,

Rio Tinto Rio Tinto, meaning "red river", may refer to: Businesses * Rio Tinto (corporation), an Anglo-Australian multinational mining and resources corporation ** Rio Tinto Alcan, based in Canada ** Rio Tinto Borax in America *** Rio Tinto Borax Mine, ...

and

Mallinckrodt Mallinckrodt Pharmaceuticals is an American-Irish domiciled manufacturer of specialty pharmaceuticals (namely, adrenocorticotropic hormone), generic drugs and imaging agents. In 2017 it generated 90% of its sales from the U.S. healthcare system. ...

. In 1965, RWE acquired 25% of shares. Effective April 1, 2006, the

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

firm

Advent International Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core ...

has taken over Nukem. In 2007, Nukem sold its subsidiaries NUKEM Ltd. to Freyssinet SAS, NUKEM Corp. to EnergySolutions, NIS Ingenieure and Assistance Nucleaire S.A. to Siempelkamp. On 14 December 2009, Nukem sold its subsidiary Nukem Technologies, which is dealing with nuclear power plant decommissioning, waste management and engineering services, to Russian Atomstroyexport for €23.5 million. In 2012, the company was acquired by

Cameco Cameco Corporation (formerly Canadian Mining and Energy Corporation) is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada. In 2015, it was the world's second largest uranium producer, accounting for 18 ...

Operations

The company markets nuclear fuel components to utilities in North and South America, Western Europe and the Far East.

References

External links

* {{official website Companies based in Bavaria Nuclear fuel companies Nuclear power companies of Germany