UK company AEA Technology has announced that it has entered into a conditional agreement to sell its Nuclear Consulting Business to Serco Ltd for a cash consideration of $70 million. Together with the retention by AEA of trade debtors worth $6 million, the deal is valued by AEA at $76 million. The sale is part of AEA Technology’s strategy to focus on its rail and environmental businesses. The company has already announced sale of its Nuclear Engineering Business and plans to dispose of the main part of its Engineering Software Business, too.
