BWX Technologies Canada (BWXT Canada) is to acquire GE Hitachi Nuclear Energy Canada (GEH-C) in a move that will enable it to offer a wider range of technical solutions and services for Candu reactors. The companies have entered into a share purchase agreement which will see BWXT Canada acquire all the shares of the Canadian joint venture of GE and Hitachi. Subject to regulatory approval and other conditions, the transaction is expected to close during the fourth quarter of 2016. The terms of the transaction are not being disclosed. GEH-C has more than 60 years of experience in supplying nuclear fuel, fuel channel components, services, equipment and parts for the Candu nuclear power industry. It employs about 350 people at its three locations in Ontario.
World Nuclear News 19th Aug 2016 read more »