June 2, 2020 – Framatome today announced that it completed its acquisition of BWX Technologies, Inc.’s (BWXT) U.S. commercial nuclear services business. With this transaction, Framatome expands its comprehensive portfolio of equipment and tooling for nuclear power plant inspections and maintenance, enhancing its position in the nuclear energy sector.
The acquisition involves an exchange of facilities and resources. Framatome assumes ownership of equipment, tooling and contracts related to BWXT’s U.S. commercial nuclear services business, while transferring to BWXT ownership of a portion of its Mt. Athos Road facility.
“This announcement is an indicator of growth and expansion in our respective markets for both Framatome and BWXT,” said Gary Mignogna, president and CEO of Framatome in North America. “We are committed to providing proven, reliable technologies and service to utilities to support their plant operations, while also growing our operations in Virginia.”
Framatome will make strategic hires from the existing BWXT team to support the increased business within its Installed Base Business Unit in the U.S. as a result of this acquisition.