Westinghouse in Deal To Acquire Rolls-Royce Civil Nuclear Systems and Services Business
September 26 2019 - 6:48PM
Dow Jones News
By Stephen Nakrosis
Westinghouse Electric Co. on Thursday said it plans to acquire
Rolls-Royce's Civil Nuclear Systems and Services business in North
America.
Financial terms of the deal weren't disclosed.
Westinghouse said the acquisition would expand the capabilities
of its operating plant, enhance its digital innovations, offer
engineering solutions to maximize cost effectiveness and
obsolescence risk and further enable growth.
"Acquiring Rolls-Royce will strengthen our ability to serve the
nuclear operating fleet through an expanded presence in our core
business while adding new digital offerings," said Patrick Fragman,
chief executive officer of Westinghouse. "This acquisition is an
important step in our growth strategy. We look forward to welcoming
the employees of Rolls-Royce to Westinghouse."
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 26, 2019 18:33 ET (22:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Rolls-royce (LSE:RR.)
Historical Stock Chart
From Apr 2024 to May 2024
Rolls-royce (LSE:RR.)
Historical Stock Chart
From May 2023 to May 2024