---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-114348"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:22:38.338656+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# B&W closes sale of SPIG and GMAB for ~€36.7M ($40M) to Auctus Capital Partners

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-114348
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000110465924114348/0001104659-24-114348-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000110465924114348/tm2427502d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-114348
- JSON: https://secwatch.observer/filing/0001104659-24-114348.json
- Plain text: https://secwatch.observer/filing/0001104659-24-114348.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.