WPIL’s European subsidiary -- Gruppo Aturia has entered into a binding Share Purchase Agreement with newcleo France on August 6, 2023 for sale of its subsidiary Rutschi (consisting of Pompes Rutschi France and Rutschi Fluid AG Switzerland) for a consideration of 68.7 million Euros subject to terms and conditions of the SPA.
newcleo is a clean and safe nuclear technology company developing innovative Generation IV reactors using nuclear waste as fuel. newcleo is focused on the development of Small Modular Reactors and Rutschi would benefit from access to new growth opportunities and technologies.
WPIL is mainly engaged into manufacturing of vertical pumps, horizontal pumps, grey iron, castings and sluice valves.
