com:20091102:RnsB7028B
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RNS Number : 7028B  
  
Babcock International Group PLC  
  
02 November 2009  
  
PRESS RELEASE  
  
02 November 2009   
  
Babcock International Group PLC  
  
Babcock International completes the acquisition of UKAEA Ltd   
  
Class 3 transaction  
  
Babcock International Group PLC (Babcock), the engineering support services 
company has completed the acquisition of UKAEA Ltd (UKAEA) from the United 
Kingdom Atomic Energy Authority for a net consideration of £38 million.    
  
In the financial year ended 31 March 2009, UKAEA generated revenue of £32 
million. The financial results of UKAEA will be reported as part of the Nuclear 
division.    
  
Peter Rogers, Chief Executive of Babcock said:   
  
"We are delighted to announce the completion of the acquisition of UKAEA. With a 
world class reputation in the nuclear market place and more than 50 years' 
experience, UKAEA operates in nuclear site management, operations and 
decommissioning and it has a number of established advisory roles. Babcock has 
an excellent track record of integrating acquisitions in the nuclear spectrum to 
deliver high levels of shareholder value. We are confident that with UKAEA we 
will continue to build on this success."  
  
Enquiries:   
  
 
  Babcock International Group PLC                   020 7355 5300  
  Peter Rogers         Chief Executive                             
  Bill Tame            Finance Director                            
  Terri Wright         Head of Investor Relations                  
                                                                   
  Financial Dynamics                                020 7269 7291  
  Andrew Lorenz                                     07775 641 807  
  Sophie Kernon                                     07802 877 243  
  
  
Notes to Editors   
  
Babcock International Group PLC  
  
 
 * Babcock International Group PLC is a FTSE 250 company with revenue of £1.9bn 
and profit before tax of £120.9m in 2008/09.   
 * In 2008/09 BNS Nuclear Services, Babcock's Nuclear division reported revenue 
of £106.7m, operating profit of £13.0m with an operating return on revenue of 
12.2%.  
The division has been formed from the acquisitions of Alstec in 2006, 
International Nuclear Solutions and Strachan & Henshaw both completed in 2008.   
 * Babcock has considerable experience of operating under the strict conditions 
required by the nuclear regulator.   
In the military nuclear market, Babcock is a Tier 1 contractor and Nuclear Site 
Licensee at Devonport and Rosyth dockyards and HMNB Clyde (Faslane). 
At Devonport Babcock owns and operates the UK's only nuclear refuelling 
facilities for its nuclear submarine fleet, currently undergoing £150m of 
upgrade works to accommodate defueling of out of service submarines.   
At Rosyth, Babcock has been responsible for the clean up of site previously used 
for refuelling the submarine fleet.   
In the civil nuclear market, BNS Nuclear Services is now one of the major 
suppliers of nuclear engineering and support services. The division supports the 
UK's operational AGR fleet, providing outage and maintenance support around fuel 
route systems.   
Babcock also provides design and engineering support for decommissioning work 
being undertaken at Sellafield, Dounreay and as part of the Chapelcross/Calder 
Hall decommissioning programme.   
  
UKAEA Ltd  
  
 
 * UKAEA Ltd is based in Harwell, with offices in Dounreay, Winfrith, Windscale 
and Warrington. 
 * It has three site management contracts at Dounreay, Harwell/Winfrith and 
Windscale.   
 * It currently employs around 230 people engaged in site management, project 
and consulting work  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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