Skip to main content

B&W acquires UniversalAET

Published by
World Cement,


Babcock & Wilcox Enteprises Inc. has acquired custom-engineered acoustic, emission and filtration solutions provider, Universal Acoustic & Emission Technologies, Inc.

Universal AET is a bolt-on acquisition for B&W MEGTEC and will be named Babcock & Wilcox Universal. It will be included in B&W’s Industrial operating segment.

“UniversalAET expands our industrial environmental portfolio into noise abatement, introduces us to new end markets and customers, and gives us another avenue to serve natural gas power generation customers,” said B&W Chairman and Chief Executive Officer E. James Ferland. “This acquisition aligns with our strategy to grow our industrial market exposure and continue to increase our non-coal revenue base.”

The deal is based on an enterprise value of US$55 million, subject to certain adjustments. UniversalAET is expected to generate approximately US$80 million of annual revenue and to be accretive in 2017.

Read the article online at: https://www.worldcement.com/the-americas/25012017/bw-acquires-universalaet/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):