Babcock & Wilcox Enterprises has sold its Allen-Sherman-Hoff (A-S-H) business to a subsidiary of Austria-based ANDRITZ for $29 million, subject to customary fees and adjustments. As part of the deal, Babcock & Wilcox and ANDRITZ have entered into sales representative agreements allowing Babcock & Wilcox to continue marketing A-S-H and Diamond Power products and services to utility power sector customers. The company stated that this sale is part of its strategy to reduce debt and strengthen its balance sheet, while focusing on core power generation and environmental solutions businesses.
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: 20251104467645) on November 04, 2025, and is solely responsible for the information contained therein.