Jul 26 2006
Westinghouse has announced that it has completed the purchase of the minority interest in its fuel handling equipment and outage critical cranes subsidiary, PaR Nuclear. With this purchase, Westinghouse has 100-percent ownership of PaR Nuclear. Westinghouse had purchased a controlling, 81-percent interest in PaR Nuclear in May 2004.
"This step in our acquisition process is strategic for Westinghouse and its customers in that it allows us to take advantage to integrate fully our field operations and engineering expertise in a number of areas," said Ric Perez, vice president, Westinghouse Field Services. Those areas include:
Modifications and Upgrades of Fuel Handling Equipment and Outage Critical Cranes - Integrated Products - Inspection, Refueling Services - Pool to Pad - Dry Cask Loading and Handling - New Nuclear Plant (AP600, AP1000) - Fuel Handling Equipment & Outage Critical Cranes
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