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Clearwater advises Babcock & Wilcox on the sale of Babcock & Wilcox Renewable Service to Hitachi Zosen Inova

Transacción

Babcock & Wilcox on its sale of Babcock & Wilcox Renewable Service to Hitachi Zosen Inova

Sell-side

€81m

Rol

Adviser to Babcock & Wilcox on the sale of Babcock & Wilcox Renewable Service to Hitachi Zosen Inova

Sector

Energía y Servicios Públicos
Industrial y Químico

Región

Dinamarca

We have advised Babcock and Wilcox (B&W), a waste-to-energy (WtE) and biomass expert, on the sale of its subsidiary Babcock & Wilcox Renewable Service (BWRS), to green-tech company Hitachi Zosen Inova. 

BWRS is based in Holsted, Denmark, employs more than 160 people and provides aftermarket services (AFM) and maintenance for waste- and biomass-to-energy plants. BWRS is owned by US-listed B&W Enterprises, Inc. headquartered in Ohio, a leader in energy and environmental products and services for power and industrial markets worldwide. 

Hitachi Zosen Inova, a Japanese-listed global leader in solutions for the energy transition and circular economy, including WtE and renewable gas, operates as part of the Hitachi Zosen Corporation Group. 

The sale supports B&W’s divestment strategy to sell non-core business. With the acquisition, Hitachi Zosen Inova gains a strong presence in the Nordics and a growing footprint in Western Europe. The region boasts the world’s highest density of WtE and biomass plants, presenting significant growth prospects in plant lifecycle solutions, service and retrofit.

BW renewable

Asesores

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