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4-Traders Homepage  >  Equities  >  Tokyo  >  Toshiba Corp    6502   JP3592200004

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Toshiba : Westinghouse and AZZ INC. Transition to TeamingG Agreement

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01/21/2017 | 12:55am CET
Westinghouse Electric Company LLC announced today that it has transitioned its previously announced acquisition of Nuclear Logistics LLC. (NL), a third-party supplier of safety-related equipment solutions to the nuclear industry owned by AZZ Inc., to a teaming agreement. Under the agreement, Westinghouse and AZZ Inc. will jointly market their safety-related equipment solutions to the nuclear industry.

'This agreement reflects both companies' shared commitment to providing the nuclear industry with high-quality design, manufacturing, testing, qualification and commercial grade dedication services,' said David Howell, Senior Vice President, Westinghouse Operating Plants Business. 'Through this agreement, our mutual customers will receive the combined capabilities of both organizations - providing unparalleled products and services focused on meeting the nuclear industry's equipment challenges with cost-effective, technically superior, high-quality equipment solutions.

To learn more about Westinghouse Electric Company, a Toshiba Energy Systems and Solutions company, and our vision to be the first to innovate the next technology, practice or solution that helps our customers generate safer, cleaner, more reliable energy visit www.westinghousenuclear.com.

Toshiba Corporation published this content on 21 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 January 2017 23:55:06 UTC.

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Financials ( JPY)
Sales 2017 5 493 924 M
EBIT 2017 -
Net income 2017 165 700 M
Debt 2017 674 497 M
Yield 2017 0,13%
P/E ratio 2017 5,83
P/E ratio 2018 7,37
EV / Sales 2017 0,31x
EV / Sales 2018 0,29x
Capitalization 1 026 771 M
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Mean consensus HOLD
Number of Analysts 15
Average target price 331  JPY
Spread / Average Target 37%
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NameTitle
Satoshi Tsunakawa President, Chief Executive Officer & Director
Shigenori Shiga Chairman
Masayoshi Hirata Chief Financial Officer & Director
Shiro Saito Senior Manager-Research & Development
Yasuo Naruke Director, SVP & Representative Executive Officer
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