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Majority stake · Closed Jul 2016 Verified

Babcock & Wilcox completes acquisition of SPIG for €155 million

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Relationship map for Babcock & Wilcox completes acquisition of SPIG for €155 millionparent ofBabcock & Wilcox Enterprises Inc.: Operating CompanyBabcock & Wilcox Ente…SPIG S.p.A.: Operating CompanySSSPIG S.p.A.
Operating Company

Parties
Acquirer
Babcock & Wilcox Enterprises Inc.
Operating Company
Target
SPIG S.p.A.
Operating Company

Summary

B&W to acquire SPIG S.p.A., a global provider of custom-engineered cooling systems and services, for an enterprise value of €155 million. SPIG will operate as a subsidiary under the name Babcock & Wilcox SPIG.