ROLLS-ROYCE HOLDINGS PLC Rolls-Royce has today announced the acquisition of R.O.V Technologies, Inc., a US-based business primarily providing nuclear utility operators with remote visual inspection services for Boiling Water Reactors (BWR) and Pressurised Water Reactors (PWR).
Jason Smith, Rolls-Royce President-Nuclear, said: "The acquisition of R.O.V Technologies, Inc. underlines our commitment to developing a nuclear business that meets customers' needs for improved equipment reliability and outage performance over the operational and extended lifetime of their plant.
"R.O.V Technologies has an impressive portfolio of remote inspection and cleaning solutions and provides a natural extension to our nuclear services business, bringing complementary BWR expertise and broadening our existing Pressurised Water Reactor remote inspection capability. We are pleased to welcome the team into our nuclear business."
Jack Judge, President and CEO, R.O.V Technologies, Inc. said: "We are delighted with today's announcement which provides an excellent opportunity to enhance the reactor inspection and cleaning solutions that we provide to our customers. We are proud to become a part of Rolls-Royce and I have every confidence we will continue to build upon our excellent reputation in the US nuclear industry."
Rolls-Royce delivers wide-ranging capabilities across the nuclear cycle from concept design to through-life and life-extension. Its nuclear expertise spans high value engineering and manufacturing, licensing, project and supply chain management.The Group's nuclear services activity represents more than half of its civil nuclear business and includes support to operational reactors in 20 countries across Europe, North America and Asia.
- Rolls-Royce's vision is to create better power for a changing world via two main business divisions, Aerospace and Land & Sea. These business divisions address markets with two strong technology platforms, gas turbines and reciprocating engines. Aerospace comprises Civil Aerospace and Defence Aerospace. Land & Sea comprises Marine, Nuclear and Power Systems.
- Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
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Our business is focused on the 4Cs:
- Customer - placing the customer at the heart of our business
- Concentration - deciding where to grow and where not to
- Cost - continually looking to increase efficiency
- Cash - improving financial performance.
- Annual underlying revenue was £14.6 billion in 2014, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £73.7 billion at the end of 2014.
- In 2014, Rolls-Royce invested £1.2 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
- Rolls-Royce employs over 54,000 people in more than 50 countries. Over 15,500 of these are engineers.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2014 we employed 354 graduates and 357 apprentices through our worldwide training programmes. Globally we have over 1,000 Rolls-Royce STEM ambassadors who are actively involved in education programmes and activities; we have set ourselves a target to reach 6 million people through our STEM outreach activities by 2020.
For further information, please contact:
Debbie Huston
Head of Communications - Nuclear
Rolls-Royce plc
Tel:+44 (0)1925 781027
Mobile: +44 (0)7800 872735
Email: debbie.huston@rolls-royce.com
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