Dürr is forming a leading supplier of environmental technology systems for industrial exhaust-air purification, following the acquisition of the industrial environmental technology business of Babcock & Wilcox Enterprises Inc. (B&W).
The purchase agreement comprises the acquisition of the three B&W subsidiaries: Babcock & Wilcox MEGTEC LLC, Babcock & Wilcox MEGTEC Holdings Inc., and Babcock & Wilcox Universal Inc. The purchase price will be calculated based on the enterprise value of the three companies, which amounts to around € 110 million. Closing is expected in the third quarter of 2018. It is subject to the satisfaction of usual antitrust closing conditions and regulatory approvals.
The merger will create a group with sales of around € 400 million, 1,500 employees and three well-established brands. Through the acquisition, Dürr will acquire sites in major market regions and be able to provide comprehensive customer support in established and emerging markets.
For more information, visit www. durr.com or www.babcock.com.