Babcock & Wilcox Enterprises, Inc. (BW): M&A transaction — B&W closes sale of SPIG and GMAB for ~€36.7M ($40M) to Auctus Capital Partners

Babcock & Wilcox Enterprises, Inc.

Base purchase price ~€36.7M (approx $40M), subject to customary adjustments and expenses.
Transaction includes Italian subsidiary SPIG S.p.A. and Swedish subsidiary B&W Vølund AB (GMAB).
Pro forma adjustments remove $43.0M revenue (H1 2024) and $94.3M (FY2023) from divested entities.
Company recorded $8.7M impairment on certain intangible assets related to divestiture group in FY2023.
Transaction includes three-year non-compete and non-solicitation covenants limited to Wet and Dry Cooling Business.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Babcock & Wilcox Enterprises, Inc. completed a disposition involving Auctus Neptune Holding S.p.A. for approximately €36.7 million (closed 2024-10-30).

Action: disposition
Counterparty: Auctus Neptune Holding S.p.A.
Consideration: approximately €36.7 million
Closing: 2024-10-30

Exact text from the filing

S.p.A. (the “Buyer” and the agreement governing such sale, the “Purchase Agreement”). The total base purchase price paid pursuant to the Purchase Agreement was approximately €36.7 million, subject to certain adjustments for specified indemnity obligations or specified payments, dividends, encumbrances, releases, share issuances or other payments made (or

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Babcock & Wilcox Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-114348

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