Acquisition Expands B&W’s Capability in European Renewables Sector
– By Linton Levy –
Denmark-based Babcock & Wilcox Vølund A/S (B&W Vølund), a subsidiary of Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has acquired Götaverken Miljö AB (GMAB), a flue gas cleaning and energy recovery company based in Gothenburg, Sweden. B&W Vølund is one of the world's leading suppliers of equipment and technologies designed to convert household waste and bio-fuels into thermal energy. B&W PGG is an operating subsidiary of The Babcock & Wilcox Company.
“B&W Vølund and B&W PGG are industry leaders in technologies that support biomass-based energy generation, and this acquisition adds to the portfolio of services that we can provide to customers around the world,” said B&W PGG President and Chief Operating Officer Richard L. Killion. “This is another example of how B&W is continuing to pursue its long-term growth strategy by broadening its international presence in the renewable energy market.”
GMAB’s offerings include complete turn-key flue gas cleaning plants and energy recovery systems tailor-made for the customers’ specific needs. The company specializes in wet flue gas cleaning, energy recovery sub-systems and absorbers for dioxin removal. The acquisition of GMAB further strengthens B&W Vølund’s ability to provide a unique combination of high-quality products, broad multi-disciplinary experience, empirical designs and strong project management skills to a variety of customers. Terms of the purchase are not being disclosed.
The Babcock & Wilcox Company (B&W), a subsidiary of McDermott International, Inc., is a leader in advanced energy technology innovation and service, primarily in nuclear and fossil power. Providing quality products and technical services to commercial and government customers, B&W is focused on issues such as energy efficiency, clean air, global market competitiveness, and safe and secure resolution for nuclear waste. B&W has locations worldwide and employs more than 20,000 people. The company is located on the Internet at www.babcock.com.