EDF acquires GE Steam Power’s nuclear activities from GE Vernova

EDF has completed the acquisition of GE Vernova’s steam nuclear activities covering conventional island equipment for nuclear power plants excluding servicing activities in the Americas. This acquisition follows on from the exclusivity agreement signed between EDF and GE on 10 February 2022, the final agreement signed on 4 November 2022, and the fulfilment of all required conditions.

Niederer Kraft Frey acted as Swiss counsel to EDF. The NKF team comprised Corporate/M&A partner Philipp Haas, senior associate Samuel Hochstrasser and associate Pascal Hodel (both Corporate/M&A), partner Nicolas Kuonen and senior associate Grégoire Chappuis (both Dispute Resolution).