DAILY NEWS Jul 14, 2014 2:09 PM - 0 comments

Babcock & Wilcox acquires industrial tech company for $155 million

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By: SWR Staff

The Babcock & Wilcox Company (B&W) has announced that subsidiary Babcock & Wilcox Power Generation Group Inc. (B&W PGG) has completed a $155-million acquisition of MEGTEC, a processes solutions provider based in De Pere, Wisconsin.

The Wisconsin company will now operate under the name Babcock & Wilcox MEGTEC.

“Both companies have a strong heritage of technology development and innovation that we believe will provide many opportunities for diversification and growth worldwide,” said B&W PGG President and COO J. Randall Data.

“We expect a smooth transition and integration process with no business disruption,” Data said. “B&W MEGTEC’s customers will continue to receive the same outstanding level of service to which they’re accustomed.”

B&W MEGTEC employs approximately 600 people in the US, Canada, France, Italy, Sweden, Germany, UK, China, India and Australia. The company designs, engineers, manufactures and services sophisticated air pollution control systems and coating and drying equipment for the industrial sector.

B&W MEGTEC’s environmental solutions products include oxidizers, energy recovery systems, solvent recovery systems, distillation systems, scrubbers, wet electrostatic precipitators (wet ESP) and other equipment for industrial applications.

Its engineered products offerings include integrated custom coating and drying technologies with applications ranging from digital printing to energy storage.

B&W MEGTEC also provides aftermarket services, including equipment upgrades, process energy optimization, rebuilds and parts, for its own and competitors’ equipment, as well as preventive maintenance support.

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