# Babcock Wanson Group acquires Standard Fasel

Babcock Wanson Group, backed by majority shareholder Kartesia, acquired Standard Fasel, a Dutch group specializing in industrial boilers and burners. The acquisition strengthens Babcock Wanson's presence in the Benelux region.

- Type: Acquisition
- Announced: 2021-09-01
- Where: Netherlands
- Status: completed
- Products: industrial boilers, burners
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Nimbus](https://endata.com/companies/13698.md) (partner)
- [Kartesia](https://endata.com/companies/14408.md) (investor)
- [Babcock Wanson](https://endata.com/companies/25110.md) (acquirer)
- [Standard Fasel](https://endata.com/companies/57443.md) (target)

## Sources

- [nimbus.com](https://nimbus.com/en/news/2021/09/standard-fasel-joins-the-ba/195), 2021-09-01: "Standard Fasel joins the Babcock Wanson Group"
- [babcock-wanson.com](https://www.babcock-wanson.com/2021/10/07/standard-fasel-joins-babcock-wanson/), 2021-10-07: "We believe Babcock Wanson is the right partner to allow the company, the management team and its employees, to continue to push its strategic agenda."
- [babcock-wanson.com](https://www.babcock-wanson.com/nl/2021/10/07/standard-fasel-joins-babcock-wanson/), 2021-10-07: "We believe Babcock Wanson is the right partner to allow the company, the management team and its employees, to continue to push its strategic agenda."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.