Source AP ©

U.S. Westinghouse Electric to get French nuclear engineering company Astare

U.S. nuclear reactor manufacturer Westinghouse Electric Co., a group company of Japan's Toshiba Corp., has reached an agreement to acquire French nuclear engineering company Astare, it said Tuesday.

Westinghouse and Toshiba did not disclose the terms of the agreement, scheduled to close Oct. 11.

"This acquisition will better enable Westinghouse to provide engineering support and project management services in the very important French market," said Nick Liparulo, Westinghouse vice president of engineering, in the statement provided by the Japanese electronics maker.

The deal should further help Westinghouse prepare for expected growth in the industry around the globe, the statement also quoted Liparulo as saying.

Astare, which is headquartered near Paris and has offices in Marseille and Lyon, will continue to operate as Astare, and the company's approximately 100 employees will be retained, Liparulo said.

Tokyo-based Toshiba holds a 77 percent stake in Monroeville, Pennsylvania-based Westinghouse, which it bought from the U.K.'s British Nuclear Fuels PLC last year for US$4.2 billion (EUR 3.0 billion).

The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?

Argentina hides the truth about the death of San Juan submarine
Comments
Russia to ban capture of killer whales and belugas in 2019
North Korea destroys security points in demilitarised zone
Russia to ban capture of killer whales and belugas in 2019
Third Rome and geopolitics of Orthodox schism
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
The Amazon and the New Conquistadores
Brexit: The UK's misunderstanding of Democracy
The Amazon and the New Conquistadores
The Amazon and the New Conquistadores
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to raise sunken floating dock
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Brexit: The UK's misunderstanding of Democracy
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
MP suggests replacing Lenin's mummy with rubber figure
Russian Navy admiral says Russia will torpedo US warships, if need be
The horror story called Brazil: Murder and destruction