Babcock & Wilcox sells SPIG and Vølund for ~$40M to reduce debt

Babcock & Wilcox Enterprises, Inc.

Base purchase price €36.7M (~$40M) in cash at closing, subject to customary adjustments and expenses.
Sale of Italy-based SPIG S.p.A. and Sweden-based Babcock & Wilcox Vølund AB (non-core businesses).
Buyer is funds managed by AUCTUS Capital Partners AG; deal expected to close by end of October 2024.
Divestiture aligns with B&W's strategy to reduce long-term debt, improve balance sheet, and increase liquidity.

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