Westinghouse buys PaR Nuclear

Westinghouse Electric Company has announced that it has completed the purchase of its fuel handling equipment and outage critical cranes subsidiary, PaR Nuclear.

Westinghouse previously had an 81 per cent interest PaR Nuclear and now has 100 per cent ownership.

Westinghouse said in a statement that the purchase would allow it to field operations and engineering expertise in a number of areas. Those areas include modifications and upgrades of fuel handling equipment and outage, critical cranes, integrated products and inspection and refuelling services.

There will be no impact on PaR Nuclear's organisation or leadership team as a result of this step of the acquisition process, Westinghouse said.