Hitachi Zosen Inova AG entered into an agreement to acquire Babcock & Wilcox Renewable Service A/S from Babcock & Wilcox Enterprises, Inc. (NYSE:BW) for approximately $87 million on June 28, 2024. The Purchase Agreement provides for a base purchase price equal to approximately $87 million, subject to certain debt and working capital upward or downward adjustments. Mads Crawford Højdahl and Carsten Rydahl of Clearwater A/S acted as legal advisor to Babcock and Wilcox.

Hitachi Zosen Inova AG completed the acquisition of Babcock & Wilcox Renewable Service A/S from Babcock & Wilcox Enterprises, Inc. (NYSE:BW) on June 28, 2024.