Westinghouse completes 100% of the acquisition of Tecnatom
December 05, 2023

Westinghouse completes 100% of the acquisition of Tecnatom

The Spanish company will boost Westinghouse's global offer in nuclear refuelling, maintenance, inspection services, engineering, training and digital services and products.

On November 29 2023, Westinghouse Electric Company announced the total acquisition of its long-standing partner Tecnatom from Endesa, after obtaining all regulatory approvals. Together, Westinghouse and Tecnatom will continue to provide critical services to the Spanish nuclear industry and its international clients.

Westinghouse gains strenght in inspection services, training and digital solutions after its acquisition of Tecnatom

Westinghouse acquired 50% of Tecnatom in 2021, and operated the company jointly with Endesa. Since then, as announced in a press note by the company, "Westinghouse and Tecnatom partnered successfully in support of projects and commercial opportunities, particularly in inspection services, training and digital solutions." By acquiring the remaining 50%, they add, Westinghouse can fully integrate Tecnatom's resources, capabilities and products, in order to better serve the installed fleet of nuclear operators and new build opportunities globally.

Patrick Fragman, Westinghouse President and CEO, has indicated that "the partnership established in 2021 with Endesa revealed the depth of expertise and potential of Tecnatom teams, complementing exceptionally well the portfolio of Westinghouse's existing activities." Fragman added that they are "looking forward to integrating Tecnatom fully into Westinghouse, at a time when our utility and industrial customers require the highest level of expertise and performance to help them successfully operate their existing sites and implement their plans for new capacities."

About Tecnatom

Tecnatom is a Spanish engineering and digital company that has provided services to the nuclear sector since 1957. It is a global leader in non-destructive examination (NDE) for the nuclear and aerospace industries. Tecnatom is a unique digital training provider, helping its customers to optimize operations and support technical personnel. It will also offer control room simulators and digital products to support the implementation of AP1000® globally, according to Westinghouse.

About Westinghouse Electric Company

Westinghouse Electric Company has been in Spain for over 50 years, providing nuclear power plants, nuclear fuel, plant automatization and products and exploitation services. Westinghouse provided the first Spanish nuclear power plant, and currently five of the seven operating nuclear power plants in the country are equipped with Westinghouse technology. The company opened its first office in Madrid in 1972, and since then its presence has increased to satisfy the needs of its customers.

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