Westinghouse Acquires 50% Stake in Tecnatom, Forms JV with Endesa
March 10, 2022
Westinghouse Electric Company has completed the acquisition of a 50% stake in Spanish engineering firm Tecnatom, purchasing shares previously held by Iberdrola and Naturgy. Tecnatom will be operated as a joint venture between Westinghouse and Endesa, strengthening Westinghouse's global nuclear capabilities in refueling, engineering and digital services.
- Buyers
- Westinghouse Electric Company, Endesa
- Targets
- Tecnatom
- Sellers
- Iberdrola, Naturgy
- Industry
- Energy
- Location
- Madrid, Spain
- Transaction Type
- Divestiture
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