- Business
- Studsvik AB (publ) (SVIK.ST) provides engineering, consulting, and technology solutions for the nuclear power industry. The company offers fuel and core analysis services, including proprietary software tools such as SIMULATE, SIMULATE-3K, and POLCA; decommissioning and waste management services, encompassing characterization, segmentation, decontamination, and waste treatment technologies like the Studsvik TRS method; reactor analysis and safety services; training and education programs through simulators and courses; and research and development services supporting nuclear innovation. Studsvik operates primarily in Europe, North America, and Asia, serving nuclear utilities, plant owners, regulatory bodies, and waste management organizations. Founded in 1947 and headquartered in Nyköping, Sweden, the company maintains subsidiaries in key markets including the United States, United Kingdom, and Germany. In recent developments, Studsvik announced a strategic partnership with Westinghouse Electric Company in 2024 to enhance fuel performance services for boiling water reactors; completed the acquisition of a minority stake in a specialized nuclear decommissioning firm in early 2025 to expand its waste management capabilities; and launched an upgraded version of its SNAP fuel handling system in late 2024, aimed at improving efficiency in spent nuclear fuel management. These initiatives reflect Studsvik's focus on operational growth amid increasing global demand for nuclear decommissioning and extended plant lifespans. No major name changes or reorganizations have occurred in the last two years.