Framatome and Naval Group Acquire Jeumont Electric

On January 9, 2024, the two French industrial giants announced the completion of their acquisition of Jeumont Electric, a company specialising in the manufacture and maintenance of motors and electrical equipment.

Jeumont Electric is renowned for its expertise in designing and manufacturing converters, electric motors, and alternators. It also supplies rotors and stators for the primary motor pump groups – which circulate water in the primary circuit of nuclear reactors – produced by Framatome Jeumont. “Jeumont Electric is a fantastic company, and we have tremendous potential to turn into commercial and industrial success,” stated Renaud Moretti, the newly appointed head of the company, earlier in January [1].

“Jeumont Electric is a strategic supplier for the nuclear industry and is recognised for its expertise in manufacturing and maintaining motors and equipment for the energy and defence sectors. This acquisition will secure our supply chain and address challenges related to sovereignty,” said Bernard Fontana, CEO of Framatome. Pierre Éric Pommellet, CEO of Naval Group, also emphasised the importance of “preserving the exceptional skills of Jeumont Electric” for the execution of naval programs.

Founded in 1898, the company became Jeumont-Schneider in 1964 following the merger of the Forges et Ateliers de Constructions Electriques de Jeumont and Matériel Electrique Schneider-Westinghouse. Jeumont-Schneider Industrie was later acquired by Framatome ANP in 1993 and then by the Altawest group in 2007, subsequently adopting the name Jeumont Electric. Jeumont Electric employs 620 staff and operates four specialised production sites, three in France and one in India. The company also operates in over 70 countries and serves numerous sectors.■