Studsvik has completed its acquisition of Swedish small modular reactor (SMR) project developer Kärnfull Next, a transaction first announced on 9 March.
The acquisition expands Studsvik’s capabilities beyond its technical service offering to the nuclear sector and strengthens the company’s position within the market for new nuclear development in Sweden and Europe.
Kärnfull Next develops sites and early-stage projects for SMRs in the Nordic region – the company works with site selection, project development and early permitting processes in collaboration with international technology vendors, industrial partners and local stakeholders.
In March this year, Kärnfull Next submitted an application related to SMR development in Valdemarsvik under Sweden’s updated nuclear legislation.
Karl Thedéen, president and CEO of Studsvik, said: “This acquisition marks an important step in Studsvik’s continued development. Kärnfull Next adds new capabilities within project development at a time when interest in new nuclear is accelerating across Europe.
"Sweden is emerging as one of Europe’s most attractive markets for new nuclear, supported by evolving regulatory frameworks and growing recognition of the role fossil-free baseload power will play in future energy systems and industrial competitiveness.”
With the acquisition completed, Studsvik's offering across the nuclear life cycle spans fuel and materials technology, software, waste management and emerging opportunities within new nuclear project development.
