Babcock & Wilcox has sold its Allen-Sherman-Hoff business to ANDRITZ for $29 million, streamlining its operations while continuing a partnership through sales agreements.

Overview of Babcock & Wilcox Enterprises, Inc.

Babcock & Wilcox Enterprises, Inc. (NYSE: BW) is a leading global provider of energy and environmental technologies for the utility and industrial sectors. With a long-standing reputation for innovation and reliability, B&W focuses on delivering advanced solutions that enhance operational efficiency and environmental performance in various energy applications. The company has made significant strides in developing technologies aimed at reducing emissions and improving energy efficiency, thus positioning itself as a key player in the evolving energy landscape.

As part of its strategic efforts to focus on core operations, Babcock & Wilcox has decided to divest its Allen-Sherman-Hoff (A-S-H) business, which specializes in providing boiler and environmental solutions primarily for utility power generation. This sale reflects B&W's commitment to streamline its portfolio and strengthen its operational focus on more profitable segments.

Industry Overview in the United States

The utility power generation industry in the United States is undergoing a significant transformation. Increased regulatory pressures and a global shift towards clean energy are driving utilities to adopt more sustainable