B&W Acquires Universal Acoustic & Emission Technologies
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Babcock & Wilcox Enterprises, Inc. (B&W) has acquired Universal Acoustic & Emission Technologies, Inc. (UniversalAET), a Wisconsin-based provider of custom-engineered acoustic, emission and filtration solutions, effective today.
UniversalAET is a bolt-on acquisition for B&W MEGTEC and will be included in B&W’s industrial operating segment. The new company will be named Babcock & Wilcox Universal and operate under the trade name B&W Universal.
UniversalAET provides custom-engineered acoustic, emission and filtration solutions to the natural gas power generation, mid-stream natural gas pipeline, locomotive and general industrial end-markets. UniversalAET employs approximately 460 people, mainly in the U.S. and Mexico. UniversalAET’s product offering includes gas turbine inlet and exhaust systems, custom silencers, filters and custom enclosures.
“UniversalAET expands our industrial environmental portfolio into noise abatement, introduces us to new end markets and customers, and gives us another avenue to serve natural gas power generation customers. This acquisition aligns with our strategy to grow our industrial market exposure and continue to increase our non-coal revenue base,” said E. James Ferland, chairman and chief executive officer of B&W.
The deal is based on an enterprise value of $55 million. UniversalAET is expected to generate approximately $80 million of annual revenue and to be accretive in 2017.
About B&W
Headquartered in Charlotte, N.C., Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. B&W companies employ approximately 5,700 people around the world.
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