Studsvik extends its software capability for remote condition monitoring and loss of off-site power resiliency in nuclear plants

Rhea-AI Summary

Studsvik has acquired the BlackStarTech product line from Constellation, America's largest carbon-free energy producer. The acquisition combines BlackStarTech's mission-critical energy storage solutions with Studsvik's advanced software capabilities, aimed at modernizing and extending nuclear plant lifespans globally.

The technology, already implemented across various US plants, focuses on plant resiliency and operational cost reduction. The solution will be integrated under the Studsvik Scandpower Group, led by President Art Wharton. According to CEO Karl Thedeen, this acquisition strengthens Studsvik's position in supporting nuclear station resilience.

The company states that the acquisition is not expected to materially impact Studsvik Group's financial results or position during 2025. Silver Tree Advisors served as financial advisors for the transaction.

Positive

• Acquisition expands Studsvik's software capabilities in nuclear plant monitoring
• Technology already proven and implemented across US plants
• Strengthens company's position in nuclear station resilience solutions

Negative

• No material financial impact expected from acquisition in 2025

BlackStarTech Product Line acquired from Constellation, the largest producer of carbon-free energy in USA.

NYKÖPING, Sweden, Feb. 10, 2025 /PRNewswire/ -- Studsvik is proud to announce it has completed the acquisition of the BlackStarTech product line from Constellation. The addition of BlackStarTech's mission critical energy storage solutions leverages Studsvik's strength in advanced software applications while aligning with its long held positioning as a key partner in supporting nuclear station resilience. The combination of BlackStarTech hardware and Studsvik's firmware and monitoring software will help to modernize, connect, and extend the life of nuclear plants globally. The proven technology solution has already been implemented at various plants across the USA.

"Our work with Constellation to provide plant resiliency and reduce operational maintenance and surveillance costs further demonstrates Studsvik's software capabilities that can benefit the industry. This solution will enable plants to pursue plant modernizations and efficiencies for lifetime extension projects. We are proud to usher these innovations into the global nuclear energy market under the leadership of the Studsvik Scandpower Group President, Art Wharton," said Karl Thedeen, Studsvik AB CEO.

The acquisition is not expected to have a financial impact of such materiality that it significantly affects Studsvik Groups results or financial position during 2025.

Studsvik was advised by Silver Tree Advisors, an independent financial advisory firm specializing in acquisition and strategy expertise for energy and industrial clients.

For more information please contact:
Karl Thedeen, President and CEO Studsvik AB, +46 (0)155-22 10 00
Melanie Joseph, Global Director of Marketing & Business Development, melanie.joseph@studsvik.com

About Constellation

Constellation is the nation's largest producer of carbon-free energy and provides sustainable solutions to homes, businesses, and public-sector customers across the continental United States.
www.constellationenergy.com

Facts about Studsvik

Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik's business focus areas are fuel and materials technology, reactor analysis software, decontamination and radiation protection as well as technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has more than 75 years' experience of nuclear technology and radiological services. Studsvik has 530 employees in 7 countries and the company's shares are listed on Nasdaq Stockholm.

This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was released for public disclosure, through the agency of the contact person above, on February 10, 2025, at 08:00 am (CET).
www.studsvik.com

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SOURCE Studsvik AB

FAQ

What is the expected financial impact of Studsvik's BlackStarTech acquisition on SUDKY in 2025?

According to the announcement, the acquisition is not expected to have a significant impact on Studsvik Group's financial results or position during 2025.

What technology did Studsvik (SUDKY) acquire from Constellation in February 2025?

Studsvik acquired the BlackStarTech product line, which provides mission-critical energy storage solutions and monitoring software for nuclear plants.

Where has Studsvik's newly acquired BlackStarTech technology been implemented?

The technology has already been implemented at various nuclear plants across the United States.

How will the BlackStarTech acquisition benefit SUDKY's nuclear plant services?

The acquisition will enhance Studsvik's ability to modernize, connect, and extend the life of nuclear plants globally while reducing operational maintenance and surveillance costs.