Clearwater has advised Altawest on the sale of its subsidiary, Jeumont Electric, a French-based company specialising in the manufacture and maintenance of motors and electric equipment for the nuclear energy and naval defence sectors, to a consortium formed by Framatome, an international leader in nuclear energy, and Naval Group, a European leader in naval defence.
With a 125-year history, Jeumont Electric is a designer and manufacturer of electric equipment, also offering maintenance and retrofit services. The group is recognised for its technical know-how and cutting-edge proprietary technologies. Jeumont Electric has a global footprint and works with blue-chip clients such as shipyards, nuclear operators, and top-tier manufacturers, employing 620 people across four industrial sites in France and one in India.
The acquiring consortium consists of Framatome, a world leader in the conception of nuclear plants, and Naval Group, a major French industrial specialist in naval defence design, development, and construction. Both are long-term clients of Jeumont Electric. This transaction marks a significant step for the consortium, consolidating its activities and facilitating Jeumont Electric’s accelerated growth as a global reference.
