Veolia expects the acquisition to complete critical part of its strategy in the nuclear cleanup sector.
The objectives were outlined when a collaboration agreement was signed in 2013 by the company with the French Alternative Energies and Atomic Energy Commission (CEA) and formed Asteralis.
Veolia chairman and CEO Antoine Frérot said: "Bringing Kurion and its employees into Veolia is going to enable us to develop a world-class integrated offer in nuclear facility cleanup and treatment of low level radioactive waste around the world.
"By having all the expertise and solutions that are indispensable for the treatment of this type of waste, our company is confirming that it is what it has always been: a pioneer in the treatment and recovery of waste and resources."
Veolia also expects the deal to complete its portfolio of services to the nuclear industry and develop an integrated service for nuclear facility cleanup and treatment of low and medium-level radioactive waste.
Kurion CEO William Gallo said: "With Veolia, Kurion has found the perfect partner to accelerate our growth trajectory while expanding our markets and commercial offerings.
"The combination of the two companies establishes a major force in the Nuclear Restoration market."
The transaction is subject to approval by US authorities, in particular US competition authorities.
Image: officials from Veolia and Kurion. Photo: courtesy of Veolia.
