Hitachi Zosen to get nuke fuel firm

Japan's Hitachi Zosen Corp. will acquire NAC International Inc., a U.S. nuclear fuel cycle consultancy that manages spent fuel.

The Japanese firm said that its subsidiary Hitz Holdings U.S.A. Inc. will purchase all of NAC’s outstanding shares from its parent, USEC Inc., for $45 million (about ¥4 billion) in March.

It hopes the acquisition help develop its nuclear equipment business.

Hitachi Zosen, which produces equipment for storing and transporting spent nuclear fuel, will use the acquisition to establish an integrated production system, which is NAC’s expertise.

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