Dürr expands environmental technology business

Dürr is forming a leading supplier of environmental technology systems for industrial exhaust-air purification, following a corporate acquisition in the United States. The Group is acquiring the industrial environmental technology business of Babcock & Wilcox Enterprises, Inc. (B&W). The purchase agreement comprises the acquisition of the three B&W subsidiaries, Babcock & Wilcox Megtec LLC, Babcock & Wilcox Megtec Holdings Inc. and Babcock & Wilcox Universal Inc. The purchase price will be calculated based on the enterprise value of the three companies, which amounts to around 110 million euros. “Through this acquisition, we are establishing a leading company with sales of around 400 million euros and the broadest technology and service range in the market. The global setup of the new unit provides an excellent basis for growth in the coming years”, says Dr. Jochen Weyrauch, responsible for paint shop and environmental technology business as well as M&A on the Dürr AG Board of Management.