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The latest announcement is out from Babcock & Wilcox Company (BW).
Babcock & Wilcox Enterprises has finalized the sale of its subsidiary, Babcock & Wilcox Renewable Service A/S, to Hitachi Zosen Inova AG for a base price of about $87 million, adjustable based on debt and working capital. The deal includes standard assurances and indemnities and commits the company to a 24-month non-compete agreement. This strategic move, which was publicly announced on July 1, 2024, signifies a noteworthy shift in the company’s portfolio and future competitive landscape.
Learn more about BW stock on TipRanks’ Stock Analysis page.
