The story
Founded by Merlin-Gerin, Schneider et Cie and Westinghouse Electric Corporation on Dec 1, 1958.1
Framatome was founded in 1958 by several companies of the French industrial giant Schneider Group along with Empain, Merlin Gérin, and the American Westinghouse, in order to license Westinghouse's pressurized water reactor (PWR) technology and develop a bid for Chooz A (in France). Called Franco-Américaine de Constructions Atomiques (Framatome), the original company consisted of four engineers, one from each of the parent companies.
The original mission of the company was to act as a nuclear engineering firm and to develop a nuclear power plant that was to be identical to Westinghouse's existing product specifications. The first European plant of Westinghouse design was by then already under construction in Italy. A formal contract was signed in September 1961 for Framatome to deliver a turnkey system, that is, not only the reactor, but an entire, ready-to-use system of piping, cabling, supports, and other auxiliary systems, propelling Framatome from a nuclear engineering firm to an industrial contractor.
In January 1976, Westinghouse agreed to sell its remaining 15% share to Creusot-Loire, which now owned 66%, and to cede complete marketing independence to Framatome. In February, the Belgian Édouard-Jean Empain sold his 35% interest in Creusot-Loire to Paribas, a French government-linked banking group.
A January 1982 company reorganization simultaneously strengthened French public and private control of the company by allowing Creusot-Loire to increase its share of the company while increasing CEA say in the running of the firm. In 2001, German company Siemens' nuclear business was merged into Framatome. Framatome and Siemens had been officially cooperating since 1989 on the development of the European Pressurized Reactor (EPR).
In 2001, after a merger with Cogema (now Orano) and Technicatome, a new nuclear conglomerate called Areva was formed, and Framatome became Areva NP. In 2007, Areva and Mitsubishi Heavy Industries created a joint venture named Atmea, for marketing the ATMEA1 reactor design. In 2009, Areva NP acquired 30% stake in the Mitsubishi Nuclear Fuel company.
In 2009, Siemens sold its remaining shares in Areva NP. In 2018, after restructuring of Areva, Areva NP was sold to Électricité de France. Mitsubishi Heavy Industries (19.5%), and Assystem (5%) also became shareholders (Assystem sold its shares to Électricité de France in 2024). As a result of the restructuring, Électricité de France and Mitsubishi Heavy Industries became equal shareholders of Atmea with 50% of shares both while Framatome owns a special share in Atmea.
From Wikipedia’s article on Framatome, shared under CC BY-SA 4.0.5
