Babcock & Wilcox closes sale of Diamond Power International to Andritz AG for $177M

Babcock & Wilcox Enterprises, Inc.

Closed sale of Diamond Power International to Andritz AG for ~$177M base purchase price, subject to adjustments.
Includes four-year non-compete and non-solicitation covenants by B&W.
Diamond Power contributed $98.2M revenue in FY2024 and $25.4M in Q1 2025, per pro forma.
Amendment made Andritz AG guarantor of Andritz China's obligations under the purchase agreement.

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