Andritz to acquire Diamond Power International from Babcock & Wilcox for $180M

Andritz AG agreed to acquire Diamond Power International, LLC from Babcock & Wilcox for approximately $180 million in cash. Diamond Power is a manufacturer of boiler cleaning systems with 400 employees and annual revenues of about $114 million.

“Andritz AG entered into an agreement to acquire Diamond Power International, LLC from Babcock & Wilcox International Sales And Service Corporation, Babcock & Wilcox Canada Corp. and The Babcock & Wilcox Company for approximately $180 million.”uk.marketscreener.com

• 2 sources
• uk.marketscreener.comAndritz AG entered into an agreement to acquire Diamond Power International, LLC from Babcock & Wilcox International Sales And Service Corporation, Babcock & Wilcox Canada Corp. and The Babcock & Wilcox Company for approximately $180 million.S&P Capital IQJun 4, 2025
• andritz.comANDRITZ to acquire Diamond Power InternationalANDRITZ AGJun 5, 2025

Summarized from public sources; check the original articles before acting on it.