Babcock & Wilcox to Sell Diamond Power International to ANDRITZ in $177 Million Deal

Reuters

06-05

Babcock & Wilcox to Sell Diamond Power International to ANDRITZ in $177 Million Deal

Babcock & Wilcox Enterprises, Inc. announced that it has reached an agreement to sell its Diamond Power International business to Austria-based ANDRITZ for $177 million, subject to customary fees and adjustments. The transaction is expected to close within approximately 30 days and will involve the transfer of around 400 employees to ANDRITZ. Kenneth Young, B&W Chairman and CEO, stated that the sale will be transformational and will enhance the value of their assets as they re-capitalize their businesses. Diamond Power, which generates annual revenues of approximately $110 million, provides boiler cleaning and monitoring solutions globally. B&W plans to leverage the strong balance sheet to pursue new projects and technologies, including their BrightLoop™ technologies for steam generation and hydrogen production.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Babcock & Wilcox Enterprises Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250605068517) on June 05, 2025, and is solely responsible for the information contained therein.

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