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.
