Babcock & Wilcox completes acquisition of SPIG for €155 million

Babcock & Wilcox Enterprises completed its acquisition of SPIG S.p.A., a global provider of custom-engineered cooling systems and services, at an enterprise value of €155 million. SPIG will operate as a B&W subsidiary.

“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.”

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