Babcock & Wilcox divests renewable service subsidiary to Hitachi Zosen Inova
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW), has completed the sale of its Danish subsidiary, Babcock & Wilcox Renewable Service A/S (BWRS), to Hitachi Zosen Inova AG (HZI) based in Zurich, Switzerland. The transaction, finalized on June 28, 2024, was valued at $87 million, subject to customary fees and adjustments. BWRS, a key player […]