Westinghouse Electric Company, as a Toshiba group company, completed its acquisition of Mangiarotti, an Italy-based manufacturer of components for the nuclear, oil and gas industries.
“Today, Mangiarotti becomes part of Westinghouse as well as a group company of Toshiba. This move is expected to accelerate energy market opportunities for Westinghouse throughout the nuclear, oil and gas components supply chain”, said Danny Roderick, Westinghouse president and CEO. “Together we will remain focused on providing the expertise and quality that our global customer base expects.”
Rick Gabbianelli, Westinghouse senior vice president, has been appointed chairperson of the board of directors. Josselin Gillot will serve as CEO and provide day-to-day operations management of the affiliate. Mangiarotti’s Monfalcone and Pannellia sites will continue to manufacture a variety of components, retaining its history of providing high quality standards. Mangiarotti manufacturing sites will continue to supply AP1000 reactor equipment and other nuclear components. In addition, the company will expand the oil and gas component manufacturing business to be the premium global supplier.
