BWX Technologies subsidiary to acquire GE Hitachi Nuclear Energy Canada

BWX Technologies -- which builds the nuclear reactors used on U.S. Navy aircraft carriers and submarines -- said today its subsidiary BWXT Canada has agreed to buy all the shares of GE Hitachi Nuclear Energy Canada.

The terms of the deal, which is set to be completed by the end of the year, were not disclosed.

"This acquisition roughly doubles BWXT's footprint in Canada," the company said in a statement.

The 350-employee GE Hitachi Nuclear Energy Canada will maintain its headquarters in Peterborough, Ontario, according to BWXT. John MacQuarrie, president of BWXT Canada, will lead the combined organization, while Mark Ward, GEH-C's president, will remain part of the leadership.