Toshiba Corporation has announced the completion of its acquisition of BNFL USA Group and Westinghouse
In a statement, Toshiba said the acquisition would make it the world’s leading nuclear power group, with a business range including both boiling water reactors (BWR) and pressurised water reactors (PWR).
Toshiba invested $4,158m to acquire a 77 per cent share of Westinghouse, giving Toshiba management control of the company. The remaining 23 per cent is held by two strategic partner companies; the US-based Shaw Group and
Following the acquisition, Westinghouse will retain its operating autonomy and remain headquartered in