LDC Backs Nuclear Engineering Specialist
20 Apr 2009PMSI provided commercial due diligence to LDC in Birmingham and the Co-op bank as part of their £6.5m investment in Nuclear Engineering Services Limited (NESL). NESL is a niche engineering solutions group focusing on the nuclear, marine defence and other specialist industrial sectors.
The business has been a key OEM supplier to the nuclear industry since the 1950s, supplying bespoke design, testing, manufacture, assembly, and installation services in relation to electro-mechanical equipment and components operated in environments where radiation shielding is necessary. NESL currently employs over 200 staff with the core operations based at Wolverhampton with further engineering support at Risley and Cumbria. Having achieved £18million of sales in 2008, NESL is forecast to report sales of £25million in 2009.
The business was founded in 2003 by existing Chief Executive Brett Cooper following the acquisitions of the Rolls Royce Nuclear Engineering Services business and the Special Purpose Equipment Division of the NNC (formerly the National Nuclear Corporation).
Visit Nuclear Engineering Services Limited (NESL) Website at www.nes-limited.co.uk
Visit LDC’s website at www.ldc.co.uk