M&A Deal Summary

Babcock & Wilcox Enterprises Acquires SPIG

On May 23, 2016, Babcock & Wilcox Enterprises acquired machinery company SPIG from Ambienta for 155M EUR

Acquisition Highlights
  • This is Babcock & Wilcox Enterprises’ 2nd transaction in the Machinery sector.
  • This is Babcock & Wilcox Enterprises’ 0th largest (disclosed) transaction.
  • This is Babcock & Wilcox Enterprises’ 1st transaction in Italy.

M&A Deal Summary
Date 2016-05-23
Target SPIG
Sector Machinery
Buyer(s) Babcock & Wilcox Enterprises
Sellers(s) Ambienta
Deal Type Add-on Acquisition
Deal Value 155M EUR

Target

SPIG

Arona, Italy
SPIG SpA is a provider of custom-engineered cooling systems and services.

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Buyer(S) 1

Buyer

Babcock & Wilcox Enterprises

Akron, Ohio, United States
Category Company
Founded 1867
Sector Energy Services and Equipment
Employees2,200
Revenue 999M USD (2023)
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 2 of 6
Sector (Machinery) 2 of 3
Type (Add-on Acquisition) 2 of 6
Country (Italy) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-13 MEGTEC Systems

De Pere, Wisconsin, United States

MEGTEC Systems, Inc. is a provider of an exhaust-air purification systems and dryers and coating systems for the production of electrodes for lithium-ion batteries. MEGTEC Systems was founded in 1997 and is based in De Pere, Wisconsin.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-11 Universal Acoustic & Emission Technologies

Stoughton, Wisconsin, United States

Universal Acoustic & Emission Technologies, Inc. is a provider of custom-engineered acoustic, emission and filtration solutions to the natural gas power generation, mid-stream natural gas pipeline, locomotive and general industrial end-markets.

Buy $55M

Seller(S) 1

SELLER

Ambienta

Milan, Italy

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Ambienta is a pan-European middle-market investor focused on acquiring rapidly expanding companies capturing long-term environmental trends. The Firm will consider opportunities throughout Europe and looks to commit €30 to €100 million per transaction. Ambienta was formed in 2007 and is based in Milan, Italy.

DEAL STATS #
Overall 4 of 13
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 3 of 9
Country (Italy) 3 of 9
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Calucem

Mannheim, Germany

Calucem is a provider of calcium aluminate cement, supplying high-quality and specialty cement to both the refractory and building chemistry industries. The company's products include low and medium-grade alumina cement and clinker. Calucem was founded in 1925 and is based in Mannheim, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 IP Cleaning

Summaga, Italy

IP Cleaning SPA (IPC Group) is a provider of professional cleaning solutions for commercial markets. The company designs and manufactures professional cleaning machines and equipment.

Sell $350M
Mergr

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