Veolia To Buy US Nuclear Waste Cleanup Startup Kurion For $350 Mln- Quick Facts

(RTTNews) - French resource management firm Veolia Environnement (VE) announced Wednesday that it agreed for the acquisition of Kurion, the California-based startup, for $350 million.

Kurion is credited for stabilizing Japan's Fukushima Daiichi nuclear power plant in the wake of the 2011 tsunami and a specialist in nuclear waste cleanup technology.

The acquisition completes a critical part of Veolia's strategy in the nuclear cleanup sector. Veolia will now be able to provide all existing solutions and know-how in both nuclear facility cleanup and the treatment of low and medium-level radioactive waste.

Kurion was founded in 2008, and has operations in the United States, the United Kingdom and Japan. The company now employs over 200 people.

This acquisition is subject to approval by US authorities, in particular US competition authorities.