Framatome and Naval Group announced the completion of the acquisition of Jeumont Electric from the group Altawest. Jeumont Electric is an industrial company specializing in the manufacture and maintenance of motors and electrical equipment for the nuclear energy and naval defense sectors. The acquisition enables Framatome and Naval Group to consolidate their activities in their respective sectors and aims to ensure Jeumont Electric remains a global reference in its field.
“Jeumont Electric is a strategic supplier to the nuclear industry and has recognized expertise in the manufacture and maintenance of motors and equipment for the energy and defense sectors. This acquisition secures our supply chain and is a response to sovereignty issues,” said Bernard Fontana, CEO of Framatome. “The existing Framatome site in Jeumont and the Jeumont Electric site share a common history. The close proximity of the two sites will allow industrial complementarities. I welcome the employees of Jeumont Electric to our team.”
Jeumont Electric offers a wide range of manufacturing, maintenance, and replacement services for electrical equipment, based on recognized expertise and proprietary technologies. It has a global presence, and serves a customer base of major global groups, such as shipyards, nuclear operators, and leading manufacturers.
“The implementation of our naval programs, and in particular propulsion equipment, requires highly qualified teams and unique know-how. It is with this objective in mind that we wish to perpetuate the exceptional skills of Jeumont Electric as a global reference in its field, serving notably the French defense industry,” said Pierre Éric Pommellet, Chairman and CEO of Naval Group.
Founded 125 years ago and with 620 employees, Jeumont Electric has four production sites in France and operates in more than 70 countries around the world.