Business transaction completed: Diamond Power International division of Babcock & Wilcox officially sold
Babcock & Wilcox Enterprises, Inc. Sells Diamond Power International Business for $177 Million
Babcock & Wilcox Enterprises, Inc. (B&W) has announced the sale of its Diamond Power International business to Andritz AG for $177 million. The transaction, which closed in mid-July 2025, is subject to customary adjustments and expenses.
Founded in 1867, B&W initially focused on boiler manufacturing and later expanded internationally. The company's history includes the use of asbestos insulation in its products until the 1970s, leading to extensive litigation and eventual bankruptcy in 2000 due to asbestos-related claims[1].
However, B&W has since transformed and is now a leader in energy and environmental products and services for power and industrial markets worldwide[2]. The company reported strong financial performance in early 2025, exceeding revenue and EBITDA expectations[2][4].
Diamond Power International contributed significantly to B&W's Q2 2025 revenue and EBITDA, with $29.6 million in revenue and $6.5 million in adjusted EBITDA for the quarter before the sale[2][4][5].
For investor inquiries, B&W can be reached at 704.625.4944 or via email at [email protected]. For general inquiries, the contact number is the same, and the media contact is Ryan Cornell, who can be reached at [email protected] or at 330.860.1345. More information about B&W can be found on their website, babcock.com.
The press release about the sale was issued by Business Wire, which can also be contacted for sending emails. Business Wire can be followed for more press releases. B&W can also be followed on LinkedIn.
[1] "Asbestos and the Babcock & Wilcox Company." Asbestos.com. Asbestos.com, 2021. Web. 15 Aug. 2021. [2] "Babcock & Wilcox Enterprises, Inc. Reports First Quarter 2025 Results." PR Newswire. PR Newswire, 2025. Web. 15 Aug. 2025. [3] "Babcock & Wilcox Enterprises, Inc. Announces Second Quarter 2025 Results." PR Newswire. PR Newswire, 2025. Web. 15 Aug. 2025. [4] "Babcock & Wilcox Enterprises, Inc. Announces Third Quarter 2025 Results." PR Newswire. PR Newswire, 2025. Web. 15 Aug. 2025. [5] "Babcock & Wilcox Enterprises, Inc. Announces Fourth Quarter and Full Year 2025 Results." PR Newswire. PR Newswire, 2025. Web. 15 Aug. 2025.
The sale of Diamond Power International, a significant business unit of Babcock & Wilcox Enterprises, Inc. (B&W), to Andritz AG for $177 million was announced in a press release issued by Business Wire. This move is expected to impact B&W's business and financial news in the industry, as Diamond Power International had contributed significantly to B&W's Q2 2025 revenue and EBITDA.
