Difference between revisions of "Babcock International Group"
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| − | In September 2009, | + | Babcock is the UK's largest specialist nuclear support services organisation, employing over 3,500 nuclear engineers, scientists and technicians. <ref> [http://www.babcockinternational.com/markets/nuclear/ Nuclear], Babcock website, acc 15 August 2012 </ref> |
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| + | In September 2009, it bought for £50 million one of the last parts of the UK's state owned nuclear industry, the [[UK Atomic Energy Authority]]'s commercial clean-up business, [[UKAEA Ltd]]. It was believed to have narrowly outbid [[AMEC]] and US rival [[Babcock & Wilcox]].<ref name="cleanup"> [http://www.telegraph.co.uk/finance/newsbysector/industry/6207149/Babcock-buys-nuclear-clean-up-arm-for-50m.html Babcock buys nuclear clean-up arm for £50m], The Telegraph, acc 15 August 2012 </ref> | ||
This extended Babcock’s existing nuclear skills, bringing extra expertise in waste categorisation, decommissioning of high hazard facilities, encapsulation and storage of hazardous materials and transportation of waste. The deal also provided Babcock with its first operational Tier 1 position in the civil nuclear market and a direct relationship with the Nuclear Decommissioning Authority, complementing its existing Tier 1 position in the military nuclear market. <ref> Babcock International Group PLC: Acquisition of UKAEA Limited </ref> <ref name="cleanup"/> | This extended Babcock’s existing nuclear skills, bringing extra expertise in waste categorisation, decommissioning of high hazard facilities, encapsulation and storage of hazardous materials and transportation of waste. The deal also provided Babcock with its first operational Tier 1 position in the civil nuclear market and a direct relationship with the Nuclear Decommissioning Authority, complementing its existing Tier 1 position in the military nuclear market. <ref> Babcock International Group PLC: Acquisition of UKAEA Limited </ref> <ref name="cleanup"/> | ||
Revision as of 09:56, 15 August 2012
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This article is part of the Nuclear Spin project of Spinwatch. |
Babcock International Group plc is a British multinational support services company specialising in managing complex assets and infrastructure in safety- and mission-critical environments. Although the company has civil contracts, its main business is with public bodies, particularly the UK Ministry of Defence and Network Rail.
Babcock is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Contents
Background
The company has four operating divisions with overseas operations based in Africa, North America & Australia. These are: Marine & Technology, Defence & Security, Support Services & International.
It is the world's 41st-largest defence contractor measured by 2010 defence revenues, and the third-largest based in the UK (after BAE Systems and Rolls-Royce). [1]
Current activities
Nuclear
Babcock is the UK's largest specialist nuclear support services organisation, employing over 3,500 nuclear engineers, scientists and technicians. [2]
In September 2009, it bought for £50 million one of the last parts of the UK's state owned nuclear industry, the UK Atomic Energy Authority's commercial clean-up business, UKAEA Ltd. It was believed to have narrowly outbid AMEC and US rival Babcock & Wilcox.[3]
This extended Babcock’s existing nuclear skills, bringing extra expertise in waste categorisation, decommissioning of high hazard facilities, encapsulation and storage of hazardous materials and transportation of waste. The deal also provided Babcock with its first operational Tier 1 position in the civil nuclear market and a direct relationship with the Nuclear Decommissioning Authority, complementing its existing Tier 1 position in the military nuclear market. [4] [3]
In April 2012, Babcock Dounreay Partnership (BDP), a consortium of Babcock International Group PLC (50%), CH2M HIll (30%) and URS (20%) was selected as preferred bidder and eventually awarded a £1.6bn contract by the Nuclear Decommissioning Authority for the management and decommissioning of the Dounreay nuclear site in Scotland.
Affiliations
Contact, Resources and Notes
Contact
- Website: www.babcockinternational.com
