CFIUS approves MEGTEC and Universal sale
Published by Jonathan Rowland,
Editor
World Cement,
The Committee on Foreign Investment in the US (CFIUS) has completed its review of the proposed sale by Babcock & Wilcox (B&W) of the MEGTEC and Universal businesses to Dürr AG.
According to the CFIUS, there are no unresolved national security concerns with respect to the sale, opening the way for B&W and Dürr to complete the transaction, which is expected shortly.
The MEGTEC and Universal businesses will be combined with Dürr’s current exhaust-air purification technology business to form a new environmental technologies group with annual sales of around €400 million and 1500 employees.
MEGTEC offers a range of emissions control technology for various industries, including the cement industry. Its products include fabric filters, wet and dry electrostatic precipitators (ESPs), and selective catalytic and selective non-catalytic reduction (SCR/SNCR) systems.
Read the article online at: https://www.worldcement.com/product-news/03102018/cfius-approves-megtec-and-universal-sale/
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