Westinghouse Electric completes full acquisition of Tecnatom from Endesa
Westinghouse Electric Company has officially announced the complete acquisition of Tecnatom, a long-standing partner, from Endesa. This strategic move, which followed the receipt of all regulatory approvals, strengthens Westinghouse’s role in the Spanish nuclear industry and its global customer base.
Strengthening Global Nuclear Services
Westinghouse initially acquired a 50% stake in Tecnatom in 2021 and has since successfully collaborated with Endesa in operating the company. This acquisition enables Westinghouse to fully integrate Tecnatom’s extensive resources and capabilities, enhancing its service offerings to the existing fleet of nuclear operators and new build opportunities worldwide.
Strategic Integration: Westinghouse Fully Acquires Tecnatom, Enhancing Global Nuclear Services
Expanding Expertise and Performance
Patrick Fragman, President and Chief Executive Officer of Westinghouse, expressed enthusiasm about the acquisition. “Integrating Tecnatom fully into Westinghouse aligns with our commitment to providing top-tier expertise and performance to our customers,” he said. The partnership with Tecnatom has already proven successful in areas such as inspection services, training, and digital solutions.
Tecnatom: A Legacy of Nuclear Sector Services
Established in 1957, Tecnatom is a Spanish engineering and digital company renowned for its services in the nuclear sector. As a global leader in non-destructive examination (NDE) for the nuclear and aerospace industries, Tecnatom brings unique digital training capabilities and control room simulators to Westinghouse. This acquisition is particularly significant for the deployment of AP1000 technology globally.
Implications for the Nuclear Industry
With the full integration of Tecnatom, Westinghouse Electric Company is positioned to offer enhanced services and solutions in the nuclear industry. This acquisition not only expands Westinghouse’s service capabilities but also reinforces its commitment to supporting the global nuclear sector with advanced technology and expert resources.