Nuclear technology firm Westinghouse Electric Company has obtained regulatory approval to acquire 50% shares in Spanish engineering company Tecnatom.
The shares were previously owned by Spanish energy companies Iberdrola and Naturgy.
Tecnatom will now be managed as a joint venture between Endesa and Westinghouse.
Patrick Fragman, Westinghouse President and Chief Executive Officer, said: “We are looking forward to further strengthen our relationship with Endesa.
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“Tecnatom is very well positioned in the nuclear industry globally, especially in the refueling maintenance, engineering, and digital services. Its innovative digital solutions will enable significant opportunities to drive Westinghouse’s overall growth strategy. Tecnatom’s competencies and technologies will further expand Westinghouse’s capabilities to support our clients worldwide in designing and operating their plants, so that these plants can safely supply affordable and reliable clean electricity and contribute to energy security.”
The acquisition is aligned with Westinghouse’s growth strategy to increase its global capabilities in nuclear refueling, engineering and digital services.
