Germany based radioactive waste management and nuclear decommissioning company Nukem Technologies Engineering Services has been acquired by Tokyo-based Muroosystems, marking a new chapter free from Russian ownership.

The decision to sell Nukem, based in Karlstein am Main, was made in 2022 in view of the difficult geopolitical situation and the challenges involved in continuing the company under a Russian owner, Nukem said in a statement. The deal remains subject to regulatory approvals.

“Since then, intensive negotiations have been held with potential buyers who recognised the enormous potential of Nukem, both in terms of its products and its highly qualified team,” the statement said.