Babcock & Wilcox Enterprises, Inc. (BW): M&A transaction — BW subsidiary sells majority of assets to Kanadevia Inova for $15M plus DKK 400k and $5M loan

Babcock & Wilcox Enterprises, Inc.

Base purchase price $15M + 400k DKK; additional contingent payments if Buyer enters certain project agreements within 5 years.
Buyer loaned BWAS $5M; loan repaid when BWAS transfers certain retained IP usage rights to NewCo.
Transaction includes transition services, IP license, subcontractor, and legacy contract services agreements.
Pro forma shows divested group had 2024 revenue of $19.7M, operating loss of $5.2M, net loss of $7.2M.
BWAS had been classified as held for sale since Dec 2024; results reflected as discontinued operations.

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 Kanadevia Inova Denmark A/S for $15 million plus 400,000 Danish krone (closed 2025-04-29).

Action: disposition
Counterparty: Kanadevia Inova Denmark A/S
Consideration: $15 million plus 400,000 Danish krone
Closing: 2025-04-29

Exact text from the filing

Buyer pursuant to a share purchase agreement (the “SPA” and together with the BTA, the “Purchase Agreements”). The Purchase Agreements provide for a base purchase price equal to $15 million plus 400,000 Danish krone, subject to certain offsets and adjustments, including additional payments to BWAS if the Buyer enters into certain prospective project agreement within

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Babcock & Wilcox Enterprises, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-044533

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