Ricardo-AEA Ltd, trading as Ricardo Energy & Environment, was formed on November 8, 2012, when Ricardo acquired the business, operating assets and employees engaged in the business of AEA Technology Plc (AEAT, in administration) (AEA Europe), for a total cash consideration of £18.0 million. The acquisition saw the AEA Europe business, including an operational staff of approximately 400 located at five UK sites, transferring to Ricardo where it began to operate as Ricardo-AEA under the continued leadership of Robert Bell, reporting to Martin Fausset, managing director of Ricardo UK. Based on its most recent reported results, the assets acquired generated, for the year ended 31 March 2012, annual revenues of £39 million and delivered operating profit margins similar to those of the rest of the Ricardo group. History AEA Technology plc was formed in 1996 as the privatised offshoot of the United Kingdom Atomic Energy Authority. It was a constituent of the FTSE Fledgling Index. Originally it consisted of divisions with expertise in a wide variety of areas, mostly the products of nuclear-related research. These included nuclear safety, nuclear engineering, environmental protection, battery technology and non-destructive testing. It mainly acted as a contractor organisation for UKAEA and other governmental and private customers. AEA Technology was an energy & environmental consultancy business. The company divested all of the nuclear-related elements of the business and other non-core businesses such as its Rail business where they acquired amongst others NS Technisch Onderzoek .The Dutch branch was later sold and through names as DeltaRail BV and Plurel is now called DEKRA Rail BV. The UK branch is now called Resonate Group Ltd, previously DeltaRail Group Ltd) through two portfolio sales to secondary private equity investment firms in September 2005 and in September 2006 respectively. The profitable engineering software business was split into two and sold to Aspen Technology (Hyprotech) and Ansys (CFX). In addition to environmental consultancy the company also worked in the Knowledge Transfer and Programme Management areas. The business is organised around a mesh style "communities" structure which includes Knowledge Leadership (key technical consultant), Project Management, IT, Marketing and Sales. The company's main UK operations are located at the Harwell Science and Innovation Campus in Oxfordshire (head office), London, Risley and Glasgow (Scotland). In 2001 a sub division, EHS Solutions was created with a remit to build an Environment, Health and Safety software business. It acquired Environmental data Management System Monitor-Pro and