newcleo Completes Acquisition of Bonifait Pesage, Bringing Nuclear-Grade Scales In-House

The purchase consideration combines cash and newcleo shares for a supplier valued at €1.8 million in equity.

Rhea-AI Summary

newcleo (Nasdaq: NWCL) completed its acquisition of Bonifait Pesage, bringing a French supplier of nuclear-grade weighing equipment into the company. The transaction valued Bonifait Pesage at an equity value of €1.8 million, with purchase consideration comprising cash and newcleo shares. Bonifait Pesage reported revenue of approximately €2.1 million in 2025.

The acquisition supports newcleo’s planned mixed-oxide (MOX) fuel manufacturing facilities in the United States and Europe, where weighing equipment will support tracking and control of nuclear materials. newcleo says bringing the supplier in-house reduces supply-chain exposure and provides preferred access to equipment tailored to its requirements. Bonifait Pesage will continue serving its existing customers in the wider nuclear industry.

Positive

• Minor pointBonifait Pesage acquisition completed, bringing nuclear-grade weighing equipment supply in-house.
• Minor point. Forward-looking: it has not happened yet and may not happen.Preferred equipment access reduces supply-chain exposure and enables customization, newcleo says, supporting planned US and European fuel facilities.

Negative

• Minor pointCash and newcleo shares comprise the purchase consideration, committing cash and diluting existing shareholders.

Key Figures

Revenue: approximately €2.1 million Equity value: €1.8 million

Revenue

approximately €2.1 million

Bonifait Pesage, 2025

Equity value

€1.8 million

Bonifait Pesage acquisition

Key Terms

advanced modular reactor, mox fuel, lead-cooled fast reactors, ionizing-radiation environments

4 terms

advanced modular reactor technical

"a pioneer in advanced modular reactor (“AMR”) technology"

A nuclear power reactor that combines factory-built, repeatable modules with technologies that go beyond conventional light-water reactors — for example alternate coolants (gas, liquid metal, molten salt), higher-temperature operation, passive safety systems, or novel fuel cycles. The “modular” aspect means the plant is assembled from standardized units that can be built in a factory and added incrementally, while “advanced” denotes design features or materials intended to improve safety, efficiency, or waste characteristics; regulatory classification and specific technical features vary by design and jurisdiction.

mox fuel technical

"planned mixed-oxide (MOX) fuel manufacturing facilities"

MOX fuel, short for mixed oxide fuel, is a type of nuclear reactor fuel made by combining plutonium oxide with natural or depleted uranium oxide and forming the mixture into fuel pellets. It is fabricated and loaded into reactor assemblies much like conventional uranium fuel but contains plutonium as the fissile material, so it can be used to generate power while reducing separated plutonium stockpiles. Use of MOX is subject to nuclear safety, security and nonproliferation rules and, in most reactors, it replaces only part of the core or requires specific licensing and engineering considerations.

lead-cooled fast reactors technical

"to produce MOX fuel for our lead-cooled fast reactors"

A lead-cooled fast reactor is a type of nuclear power reactor that uses liquid lead (or lead-bismuth) as the coolant and operates with fast (high-energy) neutrons rather than slowing them with water. Think of it like a compact, hot-running engine that circulates molten metal to carry away heat; this design can allow higher fuel efficiency, smaller core sizes, and different waste-and-safety trade-offs compared with conventional water-cooled reactors. Investors track them because their technical features affect construction cost, operating performance, regulatory risk, and long-term waste management implications.

ionizing-radiation environments technical

"certified to maintain and verify weighing systems in ionizing-radiation environments"

Places or operating conditions where ionizing radiation is present at levels that can alter or damage materials, electronic equipment, or living tissue; such environments arise from sources like radioactive materials, X-ray or gamma-ray equipment, particle accelerators, or secondary radiation produced during industrial or medical processes. Design, testing and regulatory standards for equipment and protective measures in these environments focus on controlling dose, shielding, and component hardening or qualification so that systems and people can perform safely and reliably despite the radiation.

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Latest step in newcleo’s vertical integration strategy secures weighing equipment supply for its US and European MOX fuel manufacturing programs

LONDON and PARIS, Nov. 02, 2026 (GLOBE NEWSWIRE) -- newcleo plc (“newcleo” or the “Company”) (Nasdaq: NWCL), a pioneer in advanced modular reactor (“AMR”) technology and nuclear fuel manufacturing, today announced that it has completed its previously announced acquisition of Bonifait Pesage, a French maker of nuclear-grade scales and precision weighing equipment that serves high profile customers across the French nuclear sector.

The deal extends the vertical integration approach newcleo has pursued since 2023, when it acquired Fucina, SRS and Rütschi. The acquisition of Bonifait Pesage brings another specialist supplier under the newcleo umbrella ahead of development of the Company’s planned mixed-oxide (MOX) fuel manufacturing facilities in the United States and Europe, where nuclear-grade weighing equipment will support the tracking and control of nuclear materials. Through the acquisition of Bonifait Pesage, newcleo gains preferred access to specialized precision weighing equipment, lowers its supply-chain exposure and can tailor equipment to its own requirements.

“Bonifait Pesage adds a further building block to the vertically integrated supply chain we have assembled to produce MOX fuel for our lead-cooled fast reactors,” said Stefano Buono, CEO and Co-Founder of newcleo. “Having their expertise and technologies inside newcleo will allow us to build our MOX fuel facilities on a supply chain we know and can rely on. We welcome the Bonifait Pesage team and will continue supporting their growth as a supplier to the wider nuclear industry.”

“Our team now joins a group that is building across the nuclear fuel cycle,” said Laurent Bonifait, Founder of Bonifait Pesage. “Operating as part of the newcleo team gives us a platform to grow leveraging the global growth of the nuclear industry, while we continue to serve the historical customers who rely on us.”

Bonifait Pesage, founded in 1954 and based in southern France, manufactures, installs, calibrates and services weighing equipment and provides technical support. Since 2017 it has been certified to maintain and verify weighing systems in ionizing-radiation environments, and its specialist staff are qualified to work in areas where radiation exposure may occur. The company reported revenue of approximately €2.1 million in 2025. The transaction valued Bonifait Pesage at an equity value of €1.8 million, with purchase consideration comprising a combination of cash and newcleo shares.

About newcleo

newcleo is an innovative nuclear technology company developing advanced modular reactors and nuclear fuel designed to deliver clean, safe and sustainable energy at competitive costs. newcleo's technology combines lead-cooled fast reactors with fuel manufactured from recycled nuclear materials, with the aim of providing abundant and reliable electricity and heat to industrial users while enabling the closure of the nuclear fuel cycle. newcleo brings together more than 900 highly skilled employees across Europe and the United States, spanning reactor and fuel design, engineering, and manufacturing. Through a vertically integrated supply chain and a growing network of strategic partnerships, newcleo is working to turn proven scientific and engineering solutions into deployable nuclear energy assets. For more information visit www.newcleo.com

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding newcleo's development and commercialization of its lead-cooled fast reactor technology, mixed-oxide fuel capabilities and related products and services; the expected timing, cost, performance and benefits of newcleo's demonstration projects, fuel facilities, reactor deployments and licensing activities; newcleo's ability to execute its business strategy, develop its technology, obtain required regulatory approvals, permits and licenses, enter into commercial arrangements, achieve its market opportunity and positioning and support the growth of advanced nuclear energy; newcleo's expectations regarding strategic partnerships, customer demand, project pipeline, revenue streams, capital expenditures and financing needs; and other statements regarding management's intentions, beliefs, or expectations with respect to newcleo's future performance, are forward-looking statements. Forward-looking statements are often identified by the use of words such as "anticipate," "believe," "continue," "could," "develop," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "seek," "should," "target," "will," "would," and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on newcleo's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. You should carefully consider the foregoing factors and the other risks and uncertainties described in other documents filed from time to time by newcleo with the SEC. Additional risks and uncertainties not currently known or that are currently deemed immaterial may also cause actual results to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and newcleo does not assume any obligation or intend to update or revise these forward-looking statements, each of which is made only as of the date of this press release.

For media Inquiries
media@newcleo.com

For investors
newcleo@icrinc.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of newcleo’s acquisition of Bonifait Pesage?

The completed acquisition valued Bonifait Pesage at an equity value of €1.8 million, with purchase consideration comprising a combination of cash and newcleo shares.

What nuclear-sector qualifications does Bonifait Pesage bring to newcleo?

Bonifait Pesage has been certified since 2017 to maintain and verify weighing systems in environments with ionizing radiation. Its specialist staff are qualified to work in areas where radiation exposure may occur. The business manufactures, installs, calibrates and services weighing equipment and provides technical support.