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India

BWXT subsidiary enters into share purchase agreement to buy GE Hitachi Nuclear Energy Canada


Thursday, 18 Aug 2016 

Bwx Technologies Inc : BWXT subsidiary enters into share purchase agreement to acquire ge hitachi nuclear energy canada inc. . Terms of transaction are not being disclosed . Transaction is expected to be accretive within first year . Transaction is expected to favorably impact margins in nuclear energy segment . Following completion of transaction, geh-c would maintain its headquarters in peterborough, ontario . Following completion of transaction, geh-c activities would be operated as part of bwxt canada's overall commercial nuclear business .John Macquarrie, BWXT Canada's president, will lead combined co, Mark Ward, GEH-C's president expected to remain.