# Cameco and Brookfield acquire Westinghouse Electric for $7.9bn

Cameco and Brookfield Renewable Partners will acquire Westinghouse Electric, a nuclear power plant equipment maker, for $7.9 billion.

- Type: Acquisition
- Announced: 2022-10-11
- Where: Cranberry Township, Pennsylvania, United States
- Value: $7.90B
- Status: announced
- Products: nuclear power plant equipment
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Brookfield Business Partners](https://endata.com/companies/2649.md) (partner)
- [Cameco](https://endata.com/companies/10865.md) (acquirer)
- [Westinghouse Electric Company](https://endata.com/companies/10867.md) (target)
- [Brookfield Renewable Partners](https://endata.com/companies/45940.md) (acquirer)

## Sources

- [cameco.com](https://www.cameco.com/media/news/cameco-and-brookfield-renewable-form-strategic-partnership-to-acquire-westinghouse), 2022-10-11: "Cameco and Brookfield Renewable are forming a strategic partnership to acquire Westinghouse Electric Company, one of the world's largest nuclear services businesses."
- [bep.brookfield.com](https://bep.brookfield.com/press-releases/bep/cameco-and-brookfield-renewable-form-strategic-partnership-acquire-westinghouse), 2022-10-11: "Cameco and Brookfield Renewable are forming a strategic partnership to acquire Westinghouse Electric Company, one of the world's largest nuclear services businesses."
- [globenewswire.com](https://www.globenewswire.com/news-release/2022/10/11/2532402/0/en/brookfield-business-partners-reaches-agreement-to-sell-westinghouse.html), 2022-10-11: "We are pleased to have reached an agreement to sell Westinghouse that crystalizes meaningful value for our investors."
- [utilitydive.com](https://www.utilitydive.com/news/brookfield-cameco-nuclear-westinghouse/633927/), 2022-10-12: "Every credible net-zero pathway relies on significant growth in nuclear power."
- [archive.triblive.com](https://archive.triblive.com/local/regional/cranberry-based-nuclear-power-company-westinghouse-acquired-by-two-canadian-companies/), 2022-10-12: "We are proud to join Brookfield Renewable and Cameco, reaffirming the important role played by Westinghouse and nuclear power in enabling the world’s clean energy transition and energy security goals."
- [cmcmarkets.com](https://www.cmcmarkets.com/en-au/opto-partners/cameco-and-brookfield-buy-westinghouse-electric-for-79bn), 2022-10-13: "We're witnessing some of the best market fundamentals we've ever seen in the nuclear energy sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.