# Babcock Wanson acquires Parat and PBS Power Equipment

Babcock Wanson Group, with support from majority shareholder Kartesia, has acquired Norwegian company Parat, a leader in high-voltage boilers, and PBS Power Equipment, a Central European industrial boiler solutions provider. The acquisitions strengthen Babcock Wanson's position in the European energy transition market.

- Type: Acquisition
- Announced: 2023-01-19
- Where: Flekkefjord, Norway
- Status: completed
- Products: high-voltage electric boilers, industrial boiler solutions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Kartesia](https://endata.com/companies/14408.md) (investor)
- [Babcock Wanson](https://endata.com/companies/25110.md) (acquirer)
- [PBS POWER EQUIPMENT](https://endata.com/companies/51818.md) (target)
- [Parat](https://endata.com/companies/67984.md) (target)

## Sources

- [babcock-wanson.com](https://www.babcock-wanson.com/2023/01/19/parat-and-pbs-power-equipment-joins-babcock-wanson/), 2023-01-19: "We were looking for a sustainable solution to support our strong growth and confirm our position as world leader in this market."
- [babcock-wanson.com](https://www.babcock-wanson.com/pl/2023/02/01/parat-joins-babcock-wanson-group/), 2023-02-01: "Parat, the European leader in electric boilers’ manufacturing, joins Babcock Wanson Group to form the #1 European manufacturer and servicer of industrial boilers."

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