Babcock & Wilcox sells Denmark subsidiary assets to Kanadevia Inova for $20 million

Babcock & Wilcox sold the majority of assets of its Denmark-based Babcock & Wilcox A/S subsidiary to Kanadevia Inova Denmark A/S for $20 million. The sale includes DynaGrate combustion grate and other waste-to-energy technologies, and transfers about 50 employees.

“This sale is consistent with our previously announced objective to sell certain assets and use the proceeds to pay down existing debt.”babcock.com

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• babcock.comBabcock & Wilcox Announces Sale of Assets of its Denmark-based Babcock & Wilcox A/S Subsidiary to Kanadevia Inova » Babcock & WilcoxMay 6, 2025

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