Babcock & Wilcox Sells Diamond Power International for $177 Million
Key Ideas
- Babcock & Wilcox Enterprises, Inc. has agreed to sell its Diamond Power International business to ANDRITZ for $177 million, positioning the company for future growth.
- The sale of Diamond Power, focusing on boiler cleaning solutions, will allow B&W to re-capitalize its businesses and concentrate on its core parts, services, and construction businesses.
- B&W is well-capitalized to take advantage of the increasing demand in energy markets, particularly for gas conversions, plant upgrades, and BrightLoop™ technologies for hydrogen production and steam generation.
- The company is optimistic about the future with a strong balance sheet, high bookings and backlog, and a focus on innovation and engineering capabilities for sustainable growth.
Babcock & Wilcox Enterprises, Inc. (B&W) has announced the sale of its Diamond Power International business to ANDRITZ for $177 million, subject to standard fees and adjustments. This strategic move is expected to be finalized within 30 days and will involve the transfer of about 400 employees to ANDRITZ. The company's Chairman and CEO, Kenneth Young, expressed the positive performance of B&W in 2025, mentioning record bookings and backlogs primarily from the North American market. The sale of Diamond Power, which generates around $110 million in revenue annually, is seen as a transformative step to strengthen B&W's assets. B&W aims to focus on its core businesses in parts, services, and construction while leveraging its strong balance sheet to capitalize on the growing energy demands in various sectors. The company sees opportunities in gas conversions, plant upgrades, and its BrightLoop™ technologies for hydrogen production and steam generation. B&W's Executive VP highlighted the importance of Diamond Power in providing boiler cleaning solutions globally and expressed gratitude towards the dedicated employees. With a focus on innovation and engineering capabilities, B&W is optimistic about its growth strategy for the coming years. The company's emphasis on sustainability and cost-effective energy solutions positions it well for future success in the energy and environmental markets.