Westinghouse takes 50% stake in Tecnatom
Westinghouse said the acquisition - announced in October last year - enhances its growth strategy and increases its global nuclear capabilities, especially in nuclear refueling, engineering and digital services.
Tecnatom will now be managed as a joint venture between Endesa and Westinghouse.
"We are looking forward to further strengthening our relationship with Endesa," said Westinghouse President and CEO Patrick Fragman. "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."
Madrid-based Tecnatom currently employs about 850 people and has provided services to the nuclear sector since 1957. Its primary activities are inspection and structural integrity services, operation personnel training via the use of full-scope simulators and plant operation support engineering.
Westinghouse and Tecnatom have collaborated for many years, including on AP1000 reactor technology.
