Brookfield Business Partners Completes Acquisition of Westinghouse Electric Company

Brookfield Business Partners L.P. together with institutional partners closed its previously announced acquisition of 100% of Westinghouse Electric Company.

“We are pleased to have completed this acquisition, which diversifies our business into global infrastructure services,” said Cyrus Madon , CEO of Brookfield Business Partners. “We look forward to bringing our expertise and support to position Westinghouse for continued success as a leader in its field. We see strong prospects for the business, leveraging the deep knowledge and experience of its employees to drive excellence in client service and innovation.”

Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.