Babcock Wilcox Enterprises, Inc. ("B&W" or the "Company") (NYSE: BW) announced the closing of the previously announced sale of the Italy-based SPIG S.p.A. (SPIG) group of companies and Sweden-based Babcock Wilcox Vølund AB formerly known as Götaverken Miljö AB (GMAB) to AUCTUS Capital Partners AG for approximately $40 million, subject to customary adjustments and expenses.
About Babcock Wilcox
Headquartered in Akron, Ohio, Babcock Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the closing of the previously announced sale of the Italy-based SPIG S.p.A. group of companies and Sweden-based Babcock Wilcox Vølund AB, formerly known as Götaverken Miljö AB. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031321646/en/
Contacts:
Investor Contact:
Investor Relations
Babcock Wilcox
704.625.4944
investors@babcock.com
Media Contact:
Ryan Cornell
Public Relations
Babcock Wilcox
330.860.1345
rscornell@babcock.com
