GE and Hitachi have entered into an agreement to sell GE Hitachi Nuclear Energy Canada (GEH-C) to BWXT Canada, a subsidiary of BWX Technologies, for undisclosed sum.
GEH-C has over 60 years of experience in the supply of nuclear fuel and fuel channel components, services, equipment and parts for the CANDU nuclear power industry.
It is involved in designing and supplying nuclear equipment to fuel, inspect, and refurbish reactors.
Currently, it employs nearly 350 people at three locations in Ontario : Peterborough , Toronto and Arnprior.
GE Canada and chairman of the board of GEH-C president and CEO said: "GEH-C's people, expertise, products and service capabilities make it the right fit for BWXT Canada and its goals of long-term growth in serving the nuclear industry.
"We are confident that BWXT Canada is the right business to take GEH-C forward for our customers and employees."
The transaction is expected to be completed by the end of 2016 and is subject to customary conditions, including regulatory approvals.
GEH-C president and CEO Mark Ward said: “This transaction is good news for our business as it brings together the extensive knowledge and expertise of two firms committed to delivering high quality products and services to the nuclear industry in Canada and abroad."
In June, the US Department of Energy (DOE) has selected GE Hitachi Nuclear Energy to lead an advanced nuclear technology research project.
The project is part of the DOE's planned $80m investment in advanced nuclear technology.
As part of the $2m additive manufacturing research project, GE will produce 3D printed sample replacement parts for nuclear power plants.