Westinghouse has acquired 50% of the Spanish company Tecnatom
Westinghouse Electric Company continues to expand across Europe by becoming co-owner and co-manager of Tecnatom through a joint venture with Endesa.
Westinghouse Electric Company finalized the 50% acquisition of shares of Tecnatom. These shares were previously owned by the Spanish electric companies Naturgy and Iberdrola.
Tecnatom, member of Foro Nuclear, is a Spanish engineering company that currently employs approximately 850 people and has provided services to the nuclear sector since 1957. Westinghouse and Tecnatom have collaborated for may years in the areas of refueling maintenance, engineering and digital service, including AP1000 technology.
Westinghouse Electric Company has purchased 50% of shares of Tecnatom, a Spanish engineering company that has provided services to the nuclear sector since 1957
This acquisition is part of Westinghouse's growth strategy and increases its nuclear capabilities.
Patrick Fragman, Westinghouse President and CEO, indicated that they are looking forward to further strenghten their relationship with Endesa.
He indicated that Tecnatom has an excellent position in the global nuclear industry, and their innovative digital solutions will enable significant opportunities to drive Westinghouse's growth strategy. Moreover, Tecnatom's competencies and technology will expand Westinghouse's capabilities to support their global clients in expanding and operating their plants, contributing to the safe generation of clean electricity.
Tecnatom's competencies and technology will expand Westinghouse's capabilities to support their global clients in expanding and operating their plants, contributing to the safe generation of clean electricity
