France Essor and Areva have finalised details for the purchase of Sfarsteel, manufacturers of larges forged components used in reactors and elsewhere with four production facilities located in the Le Creusot basin in central France.
“This is a strategic move,” said Areva chief executive Vincent Maurel, adding: “At a time when the new builds market in the nuclear power industry is picking up again, forged parts are essential in ensuring the quality and prompt delivery of nuclear equipment at competitive prices.”