B&W acquires UniversalAET
Published by Rebecca Bowden,
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/
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