B&W Completes Acquisition of Cooling Systems and Services Firm SPIG
SPIG will retain its management team and operate as Babcock & Wilcox SPIG
CHARLOTTE, N.C. — Babcock & Wilcox Enterprises Inc. (B&W) announced it has completed its acquisition of SPIG S.p.A., a global provider of custom-engineered cooling systems and services. The acquisition is based on an enterprise value of €155 million, subject to certain adjustments.
SPIG will retain its management team and operate as Babcock & Wilcox SPIG (B&W SPIG), a subsidiary of B&W based in Arona, Italy.