Babcock & Wilcox completes €155M acquisition of cooling systems firm SPIG

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

“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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