Assystem Expands UK Footprint with Mactech Acquisition
Deal News | Jan 30, 2025 | B Daily
Assystem, a global nuclear engineering firm headquartered in Paris, has expanded its UK presence by acquiring Whitley Bay-based Mactech Energy Group. Mactech, with a 2024 turnover of £16 million, is known for its robust nuclear construction operations and has supported UK nuclear sites for over 37 years. This acquisition is expected to enhance Assystem's capabilities as the UK prepares for up to 24GW of new nuclear projects in the coming decades. The acquisition will allow Mactech to continue its independent operations while augmenting Assystem's capacity in the nuclear sector, specifically in new build, decommissioning, and defense projects. Both companies are committed to accelerating the UK's energy transition. The deal not only promises to deliver high-value services but also aims to create meaningful career opportunities, reinforcing both firms' dedication to driving a cleaner, sustainable energy future for the UK.
Sectors
- Nuclear Engineering
- Construction
Geography
- United Kingdom – The acquisition targets a UK-based nuclear construction operator and aims to bolster nuclear energy projects within the UK.
- France – Assystem, the acquiring company, is headquartered in Paris, France.
Industry
- Nuclear Engineering – The article discusses the acquisition of a nuclear construction operator by a global nuclear engineering firm, emphasizing the industry's role in energy transition.
- Construction – The acquisition involves a construction company specializing in nuclear projects, highlighting the construction industry's involvement in the nuclear sector.
Financials
- £16 million – Mactech Energy Group's turnover in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Assystem | Acquiring Company | Company | A global nuclear engineering firm based in Paris, France, expanding its presence in the UK. |
| Mactech Energy Group | Target Company | Company | A UK-based nuclear construction operator with a history of supporting UK nuclear sites. |
| Christian Jeanneau | Assystem Executive Vice President International, Project Management and Digital | Person | Responsible for international operations at Assystem, expressing approval for the acquisition. |
| Andrew McFarlane | Mactech Energy Group Managing Director | Person | Leader of Mactech Energy Group, expressing optimism about the acquisition. |