France FR
Belgium BE

Scope of intervention

Sycomore Corporate Finance acted as sole financial advisor to Orano on the acquisition of Société de Transports Spéciaux Industriels (STSI) in France and Belgium

Date of closing

November 2021
In November 2021, Orano, a worldwide leader in the nuclear sector, announced the signing of the acquisition of Société de Transports Spéciaux Industriels (STSI), specialized in the multimodal transport of sensitive materials, in particular the rail and road transport of nuclear materials.

Thanks to this acquisition, Orano NPS will be able to offer its customers in France and Europe an optimized, broader, and more integrated range of transport services. By acquiring rail assets and new operational platforms in France and Belgium, Orano NPS is affirming its determination to develop its low-carbon transport offer.

With this third project in under eighteen months, the Orano group is pursuing its development strategy through targeted acquisitions. The Group is further confirming its leading role in the nuclear industry, which remains the main source of low-carbon energy in Europe.



This project is in line with the 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 France and Belgium
  • 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.

Société de Transports Spéciaux Industriels (STSI) at a glance

STSI provides freight transportation services. With a track record of more than 75 years in this field and around sixty employees, STSI is a leading player in the field of exceptional and oversize loads and specializes in sensitive shipments, mainly in France and Belgium.

Cooperation between the two companies has been ongoing, with a number of Orano NPS shipments, particularly by rail, already organized and carried out by STSI.