Wednesday, February 3, 2016

Kurion Acquired For $350M

Irvine-based nuclear waste remediation technology developer Kurion has been acquired by French company Veolia, in a deal worth $350M, the two companies said today, in a big exit for Kurion's venture backers. Kurion--which rose to prominence after being tapped to clean up radioactive water at the Fukushima Daiichi nuclear reactor in Japan in 2011--was venture backed by Firelake Capital, Lux Capital, and Acadia Woods Partners, and raised somewhat less than $5M in total funding. Kurion was a spinout of Oak Ridge National Laboratory.