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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.
Babcock Wanson, a specialist in industrial boiler rooms, completed its first acquisition by purchasing Steam Plant Engineering (SPE), a UK-based industrial boiler services company.
Babcock Wanson acquired Reputabel Warmtetechniek in the Netherlands in 2017, strengthening its local presence.