01.10.2021<\/p>\n
LPA-CGR avocats advised the Orano Group in the acquisition by Orano Nuclear Packages and Services (\u201cOrano NPS\u201d) of Daher\u2019s German nuclear activities (Daher Nuclear Technologies Gmbh – \u201cDNT\u201d) and of its United States subsidiary (TLI Inc. – \u201cTLI\u201d).<\/p>\n
The planned acquisition, which was the subject of an agreement signed on March 4, 2021, has been pending to the usual authorizations, in particular with regard to foreign investment and merger control. The regulatory authorities having issued a favorable opinion, the acquisition is now effective.<\/p>\n
In order to anchor these new activities within the Orano group, the former Daher companies will be renamed: DNT will become Orano NCS and TLI will become Orano TLI.<\/p>\n
By making these acquisitions, Orano NPS will benefit from additional know-how, a broader range of products and services, and an extended geographic footprint, particularly in Germany and the U.S.<\/p>\n
DNT and its subsidiary TLI have proven expertise in the transport of nuclear materials and in packaging engineering, especially in the Front End of the nuclear fuel cycle. In Germany, DNT’s teams have specific skills in rail transport management and waste storage.<\/p>\n
The two companies employ about 100 employees in total in Germany (Hanau and Leese) and in the U.S. (Fulton, Maryland, and Kevil, Kentucky).<\/p>\n
Incorporating DNT and TLI is part of the Orano group’s strategy to strengthen its competencies in its core business. With this second acquisition in less than a year, for which LPA-CGR avocats also advised Orano, the Orano group continues to make targeted acquisitions enhancing its leading role with stakeholders in the nuclear energy industry, which remains the main source of low-carbon energy in Europe and the United States.<\/p>\n
The team of LPA-CGR that advised Orano on M&A matters was composed of Philippe Raybaud<\/a>, partner, Wyssam Mansour<\/a>, counsel, and Aude Cassaigne<\/a>. Bertrand Galvez<\/a>, partner, advised on tax matters. The LPA team involved on German law matters was composed of Oliver Kirfel<\/a>, LL.M. (Partner M&A), Michael Grabau<\/a> (Partner Public Law), Maximilian Amrhein<\/a> (Senior Associate M&A) and Aleksandra Hallberg<\/a> (Tax).<\/p>\n Orano was also assisted by Sycomore, financial advisor on this transaction.<\/p>\n Hogan Lovells assisted Daher.<\/p>\n","protected":false},"excerpt":{"rendered":" 01.10.2021 LPA-CGR avocats advised Orano in the acquisition of Daher\u2019s nuclear activities in Germany and the United States LPA-CGR avocats advised the Orano Group in the acquisition by Orano Nuclear Packages and Services (\u201cOrano NPS\u201d) of Daher\u2019s German nuclear activities (Daher Nuclear Technologies Gmbh – \u201cDNT\u201d) and of its United States subsidiary (TLI Inc. – […]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[124],"tags":[],"class_list":["post-18241","post","type-post","status-publish","format-standard","hentry","category-press-release","cat-savoir-faire-m-and-a-and-corporate-law","cat-savoir-faire-tax"],"acf":[],"yoast_head":"\n