M&A Deal Summary

Westinghouse Electric Acquires Rolls-Royce North America - Civil Nuclear Systems & Services

On January 31, 2020, Westinghouse Electric acquired manufacturer Rolls-Royce North America - Civil Nuclear Systems & Services from Rolls-Royce North America

Acquisition Highlights
  • This is Westinghouse Electric’s 1st transaction in the Manufacturing sector.
  • This is Westinghouse Electric’s 2nd transaction in the United States.
  • This is Westinghouse Electric’s 1st transaction in Virginia.

M&A Deal Summary
Date 2020-01-31
Target Rolls-Royce North America - Civil Nuclear Systems & Services
Sector Manufacturing
Buyer(s) Westinghouse Electric
Sellers(s) Rolls-Royce North America
Deal Type Divestiture

Target

Rolls-Royce North America - Civil Nuclear Systems & Services

Reston, Virginia, United States
Rolls-Royce North America's Civil Nuclear Systems & Services provides maintenance and design of nuclear power plants.

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Buyer(S) 1

Buyer

Westinghouse Electric

Cranberry Township, Pennsylvania, United States
Category Company
Founded 1884
Sector Energy Services and Equipment
DESCRIPTION

Westinghouse Electric is providing nuclear energy technologies, products and services to utilities around the world. Its mission is to focus on a much broader goal; using the power of intellect, collaboration and innovation to build on the legacy of our founder, and to create a cleaner, safer and sustainable carbon-free future for generations to follow. Westinghouse Electric was founded in 1884 and is based in Cranberry Township, Pennsylvania.

DEAL STATS #
Overall 6 of 8
Sector (Manufacturing) 1 of 1
Type (Divestiture) 3 of 3
State (Virginia) 1 of 1
Country (United States) 2 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Inspection Consultants

Ellesmere Port, United Kingdom

Inspection Consultants Ltd. provides full range of non-destructive testing services to customers in a variety of industries. Inspection Consultants Ltd. was established in 1986 and is based in Ellesmere Port, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Laveer Engineering

Burlington, Ontario, Canada

Laveer Engineering is a specialized nuclear engineering company that provides custom tooling and automation solutions to industry. Through innovative design and technology, supported with relevant expertise, Laveer will provide its customers with superior tailored products and services. Laveer Engineering is based in Burlington, Ontario.

Buy -

Seller(S) 1

SELLER

Rolls-Royce North America

Reston, Virginia, United States
Category Company
Sector Machinery
DESCRIPTION

The Rolls-Royce repair and overhaul network presently comprises 14 facilities either wholly or partly owned, on four continents, servicing 48 different types of engines for more than 400 operators every year. The acquisition will position Rolls-Royce in new markets, strengthening the company's position and bringing new customers in both the aviation and industrial sectors.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-23 SmartMotor AS

Trondheim, Norway

SmartMotor offers customised, compact, highly efficient, high-torque electrical machines. The concept is based on patented permanent magnet (PM) technology with integrated drives and controls. Most machine designs are customised to specific applications, often operating in very harsh and demanding environments.

Buy -
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