Rolls-Royce operates 11 sites in Canada, France, the United Kingdom and the United States
Image: Westinghouse signs agreement to acquire Rolls-Royce civil nuclear systems and services business. Photo: courtesy of rawpixel from Pixabay.
Westinghouse Electric Company signed a definitive agreement to acquire Rolls-Royce’s Civil Nuclear Systems and Services business in North America, expanding Westinghouse’s global capabilities in digital, engineering services, plant automation and monitoring systems, field services and manufacturing.
“Creating customer value and supporting our customers’ operations is a key driver for Westinghouse. 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, Westinghouse president and chief executive officer. “This acquisition is an important step in our growth strategy. We look forward to welcoming the employees of Rolls-Royce to Westinghouse.”
The acquisition of Rolls-Royce will:
- Expand Westinghouse’s operating plant services capabilities
- Enhance the company’s digital innovation efforts to optimize customer planning and maintenance, and provide engineering solutions to maximize cost effectiveness and obsolescence risk
- Support both Westinghouse’s and Rolls-Royce’s global customer base through an expanded presence and synergies between both companies, enhancing customer offerings and experience in field services and plant automation
- Further enable Westinghouse’s growth while supporting customers in the North American and European nuclear markets
Rolls-Royce operates 11 sites in Canada, France, the United Kingdom and the United States.
The transaction is subject to customary closing conditions and regulatory approvals.
Source: Company Press Release