M&A Deal Summary

BWXT Acquires BWXT Nuclear Energy Canada

On August 18, 2016, BWXT acquired electrical equipment company BWXT Nuclear Energy Canada from Hitachi and General Electric

Acquisition Highlights
  • This is BWXT’s 1st transaction in the Electrical Equipment sector.
  • This is BWXT’s 1st transaction in Canada.
  • This is BWXT’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-08-18
Target BWXT Nuclear Energy Canada
Sector Electrical Equipment
Buyer(s) BWXT
Sellers(s) Hitachi
General Electric
Deal Type Divestiture

Target

BWXT Nuclear Energy Canada

Peterborough, Ontario, Canada
BWXT Nuclear Energy Canada, Inc. is a provider of fuel, fuel handling systems, delivery systems and replacement components for CANDU® reactors.

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Buyer(S) 1

Buyer

BWXT

Lynchburg, Virginia, United States
Category Company
Founded 1867
Sector Defense
Employees7,800
Revenue 2.5B USD (2023)
DESCRIPTION

BWXT manufactures nuclear components and is a service provider. BWX's core businesses focus on designing, engineering and manufacturing precision naval nuclear components, reactors and nuclear fuel for the US Government. The Company also provides uranium processing and environmental site restoration services, as well as a variety of products and services to customers in the nuclear power industry. BWXT was founded in 1867 and is based in Lynchburg, Virginia.

DEAL STATS #
Overall 1 of 4
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 3
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Babcock & Wilcox Enterprises

Akron, Ohio, United States

Babcock & Wilcox Enterprises is a provider of an advanced energy and environmental technologies and services for the power and industrial markets, with operations, subsidiaries and joint ventures worldwide. Babcock & Wilcox Enterprises was incorporated in 1867 and is based in Akron, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 Sotera Health - Medical Isotopes Business

Broadview Heights, Ohio, United States

Sotera Health LLC - Medical Isotopes Business includes radiochemical and contract manufacturing operations in Kanata, Ontario, and the isotope production facility in Vancouver, British Columbia.

Buy -

Seller(S) 2

SELLER

Hitachi

Tokyo, Japan
Category Company
Founded 1910
Sector Diversified
Employees268,655
Revenue 9.73T JPY (2024)
DESCRIPTION
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.

Hitachi is a multinational conglomerate that operates across various sectors, including information technology, infrastructure systems, social innovation, automotive systems, and more. The Company's diverse portfolio encompasses a wide range of products and services, such as power systems, industrial machinery, digital solutions, transportation systems, and healthcare solutions. Hitachi was founded in 1910 and is based in Tokyo, Japan.

DEAL STATS #
Overall 4 of 6
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 4 of 6
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-11 Hitachi - LCD Panel Manufacturing Equipment Business

Tokyo, Japan

Hitachi, Ltd., - LCD Panel Manufacturing Equipment Business is involved in design, manufacturing, sales and after sales service of LCD panel and organic Electro-Luminescence (EL) panel manufacturing equipment, and manufacturing equipment related to micro-ball mounters, which are used to mount solder balls on semiconductor wafers on a global basis.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-09 Kurt ve Kurt Ithalat Ihracat ve Mumessillik Anonim Sirketi

Ankara, Turkey

Kurt & Kurt is a provider of medical diagnostic systems such as MRI, CT, Endoscope, PACS and medical solutions for hospital imaging centers.

Buy -
SELLER

General Electric

Boston, Massachusetts, United States
Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 67.6B USD (2023)
DESCRIPTION

General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 30 of 45
Sector (Electrical Equipment) 2 of 5
Type (Divestiture) 25 of 38
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2016) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 Daintree Networks

Los Altos, California, United States

Daintree Networks, Inc. is a manufacturer of networked wireless solution for lighting and building control, monitoring, and optimization, reduces energy and operating costs, improves the occupant experience, increases business productivity and scales to manage a large portfolio of buildings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 Meridium

Roanoke, Virginia, United States

Meridium, Inc. is a provider of asset performance management (APM) software and services for asset-intensive industries.

Buy -
Mergr

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