Deal worth €6.5m as company looks to new nuclear
Swedish nuclear technology company Studsvik aims to boost its development in new nuclear projects through the acquisition for €6.5m ($7.5m) of small modular reactor (SMR) project company Kärnfull Next.
In a statement, Studsvik said that it expected the deal to conclude in the second quarter of 2026 following regulatory approvals.
The company said the transaction laid the ground for its next step in new nuclear development and that it expected to announce further partnerships in this area.
Studsvik said Kärnfull Next has experience in SMR project project development and that it had already built relationships with reactor manufacturers, investors, and with policymakers. Under the agreement, the Kärnfull Next founders will join Studsvik’s executive team.
The company said the acquisition came as Sweden embarked on a new phase in nuclear development with financing mechanisms worth SEK 220 billion (€20.6bn, $23.8bn) to support new nuclear projects.
This, the company said, “created one of the most attractive environments globally for advanced reactor projects.”
Sweden recently proposed three draft laws aimed at expanding new nuclear plants in the country, in particular opening up more coastal locations for potential sites.
Several companies are exploring opportunities in the country, including state-run Vattenfall, which has solicited state financing to build new reactors at its Ringhals plant, and has plans to build SMRs on the Varo peninsula in the southwest of the country through its subsidiary Videberg Kraft.
Kärnfull Next has been carrying out site selection and feasibility studies in several municipalities in Sweden since 2022.
The company is working with reactor companies and utilities including GE Vernova, developer of the BWRX-300 SMR, and Finnish state energy company Fortum to develop and package ready-to-build projects.
