Westinghouse Completes BHI Energy Acquisition

Pennsylvania-based Westinghouse Electric Company has signed a definitive agreement for the acquisition of BHI Energy.

Absorbing the industry-recognized excellence of BHI’s service quality and customer partnerships, Westinghouse plans to expand its global capabilities and expertise in nuclear plant maintenance and modification services, industrial, power delivery, and complementary renewables including solar, wind and hydro power.

The company is paving the way for carbon-free energy by providing safe, innovative nuclear technologies to utilities around the globe. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world’s operating nuclear plants.

For over 130 years, innovation makes Westinghouse the preferred partner for technologies covering the complete nuclear energy life cycle. 

“Creating customer value and supporting the complete lifecycle of nuclear operations is a key part of our strategy. Combining these complementary organizations will further strengthen our ability to serve the nuclear operating fleet through an expanded presence in our core business while setting a new standard in outage and maintenance efficiencies,” said Patrick Fragman, President and CEO, Westinghouse. “We look forward to welcoming the BHI team to Westinghouse.”

BHI majorly serves customers across the United States and Canada with a team of more than 8,500 members during peak seasonal activity.

The transaction is fully funded by Westinghouse and is subject to customary closing conditions and regulatory approvals.