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On the Record · Babcock & Wilcox Enterprises

Babcock & Wilcox Enterprises acquisitions, on the record

The businesses Babcock & Wilcox Enterprises bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Fossil Power Systems (FPS)
Word for word“In February 2022, we acquired 100 % ownership of FPS for approximately $ 59.2 million.” 10-K for 2023
acquisitionFebruary 2022approximately $ 59.2 million
B&W Chanute (formerly Optimus Industries, LLC)
Word for word“In February 2022, we acquired 100 % ownership of B&W Chanute for approximately $ 19.2 million.” 10-K for 2023
acquisitionFebruary 2022approximately $ 19.2 million
B&W Renewable Services A/S
Word for word“Revenues in the B&W Renewable segment increased $144.4 million, to $288.7 million in 2022 compared to $144.3 million in 2021, which is primarily due to higher volumes of new-build projects and a full year of revenue from the B&W Renewable Services A/S acquisition that closed on November 30, 2021.” 10-K for 2023
acquisitionNovember 30, 2021—
BWRS (Denmark-based renewable parts and services subsidiary), sold to Hitachi Zosen Inova AG
Word for word“We received net cash proceeds of $83.5 million and recorded a gain on the sale of the business of $44.9 million.” 10-K for 2024
divestiture——
SPIG and GMAB businesses
Word for word“sold our SPIG and GMAB businesses for net proceeds of $33.7 million on October 30, 2024 (described in Note 4 to the Consolidated Financial Statements);” 10-K for 2024
divestitureOctober 30, 2024—
Vølund business
Word for word“During the fourth quarter of 2024, we committed to a plan to sell our Vølund business (formerly part of our B&W Renewable segment) and classified the assets and liabilities of this business as held for sale.” 10-K for 2024
agreed divestiture——
ASH business
Word for word“On October 31, 2025, we completed a sale of the net assets comprising our ASH business for $29 million, subject to customary fees and adjustments and recorded a gain of $21.5 million on the sale.” 10-K for 2025
divestitureOn October 31, 2025$29 million
Diamond Power business
Word for word“On July 31, 2025, we closed the sale of our Diamond Power business for a base purchase price of $177 million, subject to certain offsets and adjustments.” 10-K for 2025
divestitureOn July 31, 2025$177 million
BWRS
Word for word“On June 28, 2024, we, through our B&W PGG Luxembourg Finance Sárl subsidiary, sold all issued and outstanding share capital of our Denmark-based renewable parts and services subsidiary, BWRS, to Hitachi Zosen Inova AG.” 10-K for 2025
divestitureOn June 28, 2024—
SPIG and GMAB
Word for word“On October 30, 2024, we, through our B&W PGG Luxembourg Finance Sárl subsidiary and Babcock & Wilcox A/S subsidiary, sold the entire issued and outstanding share capital of our Italy-based SPIG and Sweden-based GMAB subsidiaries to Auctus Neptune Holding S.p.A.” 10-K for 2025
divestitureOn October 30, 2024—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businesses
2016-12-31$144.8 million$0
2017-12-31$52.5 million$0
2018-12-31$0$155 million
2019-12-31$0$7.4 million
2020-12-31$0$8 million
2021-12-31$55.3 million$25.4 million
2022-12-31$64.9 million$5.5 million
2023-12-31$0$0
2024-12-31$0$120.9 million
2025-12-31—$216.3 million

Deal filings since 2016

Read from Babcock & Wilcox Enterprises’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.