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Velan shareholders approved the sale of Velan's French subsidiaries Segault and Velan S.A.S. to Framatome for €170 million (US$177.6 million), with total consideration of US$201.1 million including an intercompany loan.
Framatome signed a contract with TechnicAtome to supply primary pumps for the nuclear boilers of France's PA-NG aircraft carrier, with a prototype due in 2027 and commissioning in 2038. The pumps will be made at Framatome's Jeumont site.
Framatome and TechnicAtome announced the acquisition of Daher Valves from the Daher Group in France. The company, which makes valves for nuclear and defence applications, has reverted to its historic name Vanatome.