Westinghouse Will Acquire Rolls-Royce’s Civil Nuclear Business
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Westinghouse Electric Co. will acquire Rolls-Royce’s Civil Nuclear Systems and Services businesses in North America for an undisclosed amount under a “definitive agreement” announced on Sept. 26.
The transaction, which is subject to customary closing conditions and regulatory approvals, will see Westinghouse absorb Rolls-Royce’s civil nuclear service businesses in the U.S. and Canada, along with sites at Mondragon, France, and Gateshead, UK, which are currently part of Rolls-Royce’s Power Systems business unit.
The sale does not include the instrumentation and controls business based in Grenoble, France, but Rolls-Royce said in a statement that “remains under review.” It also does not include the company’s UK new build operations or small modular reactor activities.
The merger will conjoin two of the most traditionally significant nuclear businesses in the U.S. and the UK and give the two industry giants more clout in the global nuclear power operating plant services sector.…