Westinghouse Electric Co. is making its way into oil and gas.
The Cranberry-based nuclear giant announced today it is purchasing an Italian manufacturer of nuclear reactor components, and oil and gas parts.
“Of primary interest to Westinghouse is expanding into the oil and gas market,” the company said in a statement.
The deal, where Westinghouse will acquire Mangiarotti SpA, is expected to close in August. Its value was not disclosed.
Mangiarotti is a longtime supplier for Westinghouse. It has three facilities in Italy, two of which Westinghouse plans to keep open.
Westinghouse President and CEO Danny Roderick said in a statement: "Our continued successful manufacturing expansion like Mangiarotti allows us to be a broader global provider in all energy fields.”
Anya Litvak: email@example.com or 412-263-1455.