Nukem GmbH, together with its subsidiary Nukem Inc., markets nuclear (reprocessed) fuel

Nuclear fuel

Nuclear fuel is a material that can be 'consumed' by fission or fusion to derive nuclear energy. Nuclear fuels are the most dense sources of energy available...

 components and speciality products utilities worldwide. Since the 1970s, Nukem has transitioned from playing a modest role in uranium brokerage to becoming one of the world's largest intermediaries in the international nuclear fuel market.

History

Nukem was established as a subsidiary of RWE

RWE

RWE AG , is a German electric power and natural gas public utility company based in Essen. Through its various subsidiaries, the energy company contributes electricity and gas to more than 20 million electricity customers and 10 million gas customers, principally in Europe...

. Effective April 1, 2006, the private equity firm Advent International

Advent International

Advent International is a global private equity firm focused on buyouts of middle market growth companies in Western and Central Europe, North America, Latin America and Asia...

 has taken over Nukem].

On 14 December 2009, Nukem sold its subsidiary Nukem Technologies, which is dealing with nuclear power plant decommissioning, waste management and engineering servicesn, to Russian Atomstroyexport

Atomstroyexport

Atomstroyexport is the Russian Federation's nuclear power equipment and service export monopoly. It belongs to Atomenergoprom holding with 49.8% of shares owned by Gazprombank...

for €23.5 million.

Operations

The company markets nuclear fuel components to utilities in North and South America, Western Europe and the Far East.