M&A Deal Summary

Andritz Acquires Babcock & Wilcox Enterprises - Diamond Power

On June 5, 2025, Andritz acquired energy services and equipment company Babcock & Wilcox Enterprises - Diamond Power from Babcock & Wilcox Enterprises for 177M USD

Acquisition Highlights
  • This is Andritz’s 1st transaction in the Energy Services and Equipment sector.
  • This is Andritz’s largest (disclosed) transaction.
  • This is Andritz’s 3rd transaction in the United States.
  • This is Andritz’s 1st transaction in Ohio.

M&A Deal Summary

Date 2025-06-05
Target Babcock & Wilcox Enterprises - Diamond Power
Sector Energy Services and Equipment
Buyer(s) Andritz
Sellers(s) Babcock & Wilcox Enterprises
Deal Type Add-on Acquisition
Deal Value 177M USD

Target

Babcock & Wilcox Enterprises - Diamond Power

Akron, Ohio, United States
Babcock & Wilcox Enterprises' Diamond Power offers boiler cleaning and monitoring solutions tailored for industrial and utility facilities. Babcock & Wilcox Enterprises' Diamond Power is based in Akron, Ohio.

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Buyer(S) 1

Buyer

Andritz

Graz, Austria

Category Company
Founded 1852
Sector Machinery
Employees30,043
Revenue 8.3B EUR (2024)
DESCRIPTION

Andritz is a manufacturer of machinery and equipment for the pulp and paper industry, the steel industry and water treatment industries. Andritz was incorporated in 1852 and is based in Graz, Austria.


DEAL STATS #
Overall 7 of 8
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Ohio M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2025 M&A 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-24 Xerium Technologies

Youngsville, North Carolina, United States

Xerium Technologies, Inc. is a manufacturer and supplier of specially engineered consumable products used primarily in the production of paper, paperboard, and specific industrial applications. Xerium products are focused in two key product classifications; woven machine fabrics and felts, and roll covers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-04 Allen Sherman Hoff

Exton, Pennsylvania, United States

Allen Sherman Hoff specialises in ash handling systems and related technologies for utility power plants. Allen Sherman Hoff is based in Exton, Pennsylvania.

Buy $29M

Seller(S) 1

SELLER

Babcock & Wilcox Enterprises

Akron, Ohio, United States

Category Company
Founded 1867
Sector Energy Services and Equipment
Employees1,900
Revenue 717M USD (2024)
DESCRIPTION

Babcock & Wilcox Enterprises is a provider of an advanced energy and environmental technologies and services for the power and industrial markets, with operations, subsidiaries and joint ventures worldwide. Babcock & Wilcox Enterprises was incorporated in 1867 and is based in Akron, Ohio.


DEAL STATS #
Overall 4 of 5
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2025 M&A 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-10 Spig

Paruzzaro , Italy

Spig is an engineering and contracting company that operates globally in the closed-loop industrial cooling systems sector, including cooling towers (wet cooling), air-cooled condensers, and air coolers (dry cooling). Its cooling systems are installed in power plants, refineries, petrochemical plants, and other industrial plants where cooling is critical. Spig is based in Paruzzaro , Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-04 Allen Sherman Hoff

Exton, Pennsylvania, United States

Allen Sherman Hoff specialises in ash handling systems and related technologies for utility power plants. Allen Sherman Hoff is based in Exton, Pennsylvania.

Sell $29M