LPA-CGR avocats advises Orano in the signature of an agreement with Daher to acquire its nuclear activities in Germany and North America

LPA-CGR avocats advises Orano in the signature of an agreement with Daher to acquire its nuclear activities in Germany and North America

LPA-CGR avocats advises the Orano Group in the signature of an agreement with the Daher Group, occurred on Thursday March, 4^th, for the acquisition by Orano Nuclear Packages and Services (“Orano NPS”) of Daher’s German nuclear activities (Daher Nuclear Technologies Gmbh – “DNT”) and of its North American subsidiary (TLI Inc. – “TLI”).

This project is part of the Orano Group’s strategy to strengthen its competencies in its core business. The entities involved in this transaction will benefit from additional know-how and an extended geographical footprint, in Germany and the United States. DNT and its subsidiary TLI, which have a proven expertise in the transport of nuclear materials and packaging engineering, employ together c. 100 employees based in Germany (Hanau and Leese) and in the United States (Fulton, Maryland and Kevil, Kentucky). In Germany, DNT’s teams have specific skills in rail transport organization and waste storage.

Orano NPS will benefit from extended range of products and services in transport and engineering, particularly in the Front End of the nuclear fuel cycle. With c. 1,000 employees worldwide, it will be able to reinforce the relationship with its main customers.

With this second acquisition in less than a year, where LPA-CGR also advised Orano, the Orano Group 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.

The completion of this transaction remains subject to the customary authorizations, in particular with regard to foreign investments and merger control/anti-trust laws.

The team of LPA-CGR that advises Orano on M&A matters is composed of Philippe Raybaud, partner, Wyssam Mansour, counsel, and Aude Cassaigne. Bertrand Galvez, partner, advises on tax matters. The LPA team involved on German law matters is composed of Oliver Kirfel, LL.M., partner, Maximilian Amrhein, senior associate et Jacqueline Spletter, associate, in M&A/Energy, Aleksandra Hallberg, senior associate, in tax, Gerhard Koeglmeier, senior associate in corporate/tax, Michael Grabau, partner, on regulatory matters. Katrin Scheicht from PWWL Workplace Law, advises on social law matters in Germany. A team from Womble Bond Dickinson (US) LLP lead by Joe Tirone, Sarah Wilk and Caitlin MacDowell, and including James Kearney, Jimmy Kirkland, Julia Kreyskop, Mike Cashin, Claire Rauscher, Mike Tobin, Patrick Allen, John Pueschel, Susan Cooper, Nick Hawkins, Patricia Holliman, and Lidiya Kurin advises Orano on US law aspects.

Orano is also assisted by Sycomore, financial advisor on this transaction.

Hogan Lovells assists Daher.