Source: https://www.neimagazine.com/news/newswestinghouse-completes-acquisition-of-tecnatom-11347777
US-based Westinghouse Electric Company has completed 100% acquisition of long-standing partner Tecnatom from Spain’s Endesa after obtaining all regulatory approvals.
Westinghouse first acquired 50% of Tecnatom in 2021 and operated the company jointly with Endesa. Since then, Westinghouse and Tecnatom partnered in support of various projects and commercial opportunities, particularly in inspection services, training and digital solutions. By acquiring the remaining 50%, Westinghouse says it 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 & CEO said 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” He welcomed the full integration of Tecnatom “at a time when our utility and industrial customers require the highest level of expertise and performance to help them successfully operate their existing operations and implement their plans for new capacities”.
Spanish engineering and digital company Tecnatom 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 and is a unique digital training provider. It will also offer control room simulators and digital products in support of the deployment of Westinghouse AP1000 technology globally.
