Brookfield-owned Westinghouse buys NA Engineering Associates
Westinghouse Electric Co has acquired NA Engineering Associates Inc, a Stratford, Ontario-based provider of engineering solutions, including for the nuclear sector. No financial terms were disclosed. NA Engineering Associates has been led since its founding in 1994 by President and CEO Nick Aroutzidis. Westinghouse, a Pittsburgh-based supplier of nuclear power plant products and technologies, said the deal grows its footprint in Canada and diversifies its engineering capabilities. Last year, the private equity group of Brookfield Asset Management acquired Westinghouse for US$4.6 billion. The prior owner was Toshiba Corp.
22 July 2019•2 mins read
