Industry
N.D.
Germany GER
USA USA

Scope of intervention

Sycomore Corporate Finance acted as sole financial advisor to Orano on the acquisition of Daher’s nuclear activities in Germany and the United States

Date of closing

On going
In March 2021, Orano, a worldwide leader in the nuclear sector, announced the signing of the acquisition of Daher’s German and US nuclear activities, specialised in nuclear logistics, packaging engineering and waste storage.
With this second acquisition in less than a year, Orano continues to make targeted acquisitions. It confirms its leading role with stakeholders in the nuclear industry, which remains the main source of low-carbon energy in Europe and the United States.

 

Rationale

The acquisition is part of Orano’s strategy to strengthen its competencies in its core business:

  • Benefit from an extended range of products and services in the transport of nuclear materials, packaging engineering and waste storage
  • Extend geographical footprint in Germany and the United States
  • Further reinforce relationship with main customers

Orano at a glance

Orano transforms nuclear materials so that they can be used to support the development of society, first and foremost in the field of energy. The group offers products and services with high added value throughout the entire nuclear fuel cycle, from raw materials to waste treatment. Its activities, from mining through to decommissioning, as well as in conversion, enrichment, recycling, logistics and engineering, contribute to the production of low-carbon electricity.

Orano and its 16,000 employees bring to bear their expertise and their mastery of cutting-edge technology, as well as their permanent search for innovation and unwavering dedication to safety, to serve their customers in France and abroad.

Daher at a glance

Daher is an aircraft manufacturer and an industry and service equipment supplier. Daher asserts its leadership in three main businesses: aircraft manufacturing, aerospace equipment and systems, logistics and supply chain services; and achieved a turnover of 1.1 billion euros in 2020. With the stability provided by its family ownership, Daher has been committed to innovation since its creation in 1863. Today, present in 13 countries, Daher is a leader in Industry 4.0, designing and developing value-added solutions for its industrial partners.