Workington-based TIS is a leading nuclear manufacturing and fabrication specialist employing around 30 staff.

Renew said the deal would enhance its nuclear services offering by immediately doubling manufacturing capacity and strengthening Renew’s position in the growing nuclear decommissioning and new build markets.

Paul Scott, Chief Executive Officer of Renew, said: “This acquisition will allow Renew to continue to support its existing clients and take advantage of increasing demand across the decommissioning and new nuclear build programmes.

“The added manufacturing capacity will allow Renew to better support its existing clients, as well as strengthening its broader market position.

“TIS represents an excellent strategic fit with our existing multidisciplinary nuclear capability, which offers attractive long term structural growth opportunities underpinned by highly visible committed regulatory spend in a sector that we know extremely well.”