(Reuters) - Toshiba unit Toshiba International Corp. bought 61.16 percent of the Wisconsin-based company from the city of West Allis, Wisconsin, and other investors including Heartland Energy Services Inc., Toshiba spokeswoman Mochida said.
Regenco, which had sales of about $27 million last year, was formed in 1999 as the descendant of Siemens AG's U.S. turbine repair unit, and provides power plant maintenance to General Electric and Westinghouse. Toshiba late last year took a 77 percent stake in Westinghouse, the U.S. power plant unit of British Nuclear Fuels, for $4.16 billion, eyeing growing demand for nuclear power abroad.
Read more at Reuters.com Mergers News
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