Babcock & Wilcox Completes Sale of Diamond Power International Business to Andritz AG for $177M

Babcock & Wilcox has finalized the sale of its Diamond Power International business to Austria-based Andritz AG for $177 million, solidifying its focus on core competencies in the energy and environmental sectors. The sale includes customary adjustments and expenses, with Babcock & Wilcox remaining a key player in global energy and environmental markets.

Akron, Ohio – July 2, 2025 – Babcock & Wilcox Enterprises, Inc. (NYSE: BW) has finalized the sale of its Diamond Power International business to Austria-based Andritz AG for $177 million, subject to customary adjustments and expenses. The transaction marks a strategic move for Babcock & Wilcox, allowing the company to refocus on its core competencies in energy and environmental sectors.

Diamond Power International, which generates annual revenues of approximately $114 million, will now be part of Andritz AG's portfolio. Andritz AG, a global supplier of plants, equipment, and services for various industries, will integrate Diamond Power's capabilities into its existing operations. The sale includes the transfer of around 400 employees from Diamond Power to Andritz.

Babcock & Wilcox, headquartered in Akron, Ohio, specializes in energy and environmental products and services for power and industrial markets worldwide. The company continues to maintain its headquarters in Akron and operates as a key player in its sector, providing solutions to customers across global markets.

The sale announcement was made through a press release statement issued by Babcock & Wilcox. No additional details regarding the strategic rationale behind the transaction or plans for the proceeds were provided in the announcement. The transaction is part of Babcock & Wilcox’s strategy to capitalize on its robust growth, highlighted by the highest bookings and backlog in decades, driven by increased energy demands in North America.

References:
[1] https://www.babcock.com/home/about/corporate/news/babcock-and-wilcox-closes-sale-of-its-diamond-power-international-business
[2] https://za.investing.com/news/company-news/babcock--wilcox-completes-sale-of-diamond-power-to-andritz-for-177-million-93CH-3814674
[3] https://www.marketscreener.com/news/andritz-ag-completed-the-acquisition-of-diamond-power-international-llc-from-babcock-wilcox-inter-ce7c5fd2df80f426