Paris, France 4/3/13—Nuclear energy firm AREVA has agreed to sell Canberra, its nuclear measurement subsidiary, to private equity firm Astorg Partners (see IBO 11/30/12). Financial details were not disclosed. Based in Meriden, Connecticut, with 1,500 employees, Canberra had 2012 sales of approximately €250 million ($321 million = €0.78 = $1). “Following 10 years of organic and external growth, the Canberra group has become one of the world leaders in nuclear radiation measurement instruments,” commented Joël Lacourte, managing partner of Astorg Partners. “Astorg will enthusiastically seek to continue this impressive path, alongside Canberra’s partnering management team and employees, and will endeavor to maintain the privileged relationship with French players of the nuclear power industry.” The sale is expected to close by the end of the half year. AREVA plans to use the proceeds to reduce its debt and for new investments.