Share Name Share Symbol Market Type Share ISIN Share Description
Rolls-royce Holdings Plc LSE:RR. London Ordinary Share GB00B63H8491 ORD SHS 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 652.40 654.20 654.60 0.00 0.00 0.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 15,729.0 -2,947.0 -129.2 - 12,598

Westinghouse in Deal To Acquire Rolls-Royce Civil Nuclear Systems and Services Business

26/09/2019 11:48pm

Dow Jones News


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   By Stephen Nakrosis 
 

Westinghouse Electric Co. on Thursday said it plans to acquire Rolls-Royce's Civil Nuclear Systems and Services business in North America.

Financial terms of the deal weren't disclosed.

Westinghouse said the acquisition would expand the capabilities of its operating plant, enhance its digital innovations, offer engineering solutions to maximize cost effectiveness and obsolescence risk and further enable growth.

"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, chief executive officer of Westinghouse. "This acquisition is an important step in our growth strategy. We look forward to welcoming the employees of Rolls-Royce to Westinghouse."

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

September 26, 2019 18:33 ET (22:33 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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