Babcock & Wilcox Enterprises announced it has sold its Allen-Sherman-Hoff, or A-S-H, business to a subsidiary of Austria-based ANDRITZ for $29M, subject to customary fees and adjustments. In conjunction with the transaction, B&W and ANDRITZ, through certain wholly-owned subsidiaries, have signed sales representative agreements under which B&W will continue to market A-S-H and Diamond Power products and services to customers in the utility power sectors. Lake Street Capital Markets served as exclusive financial advisor to B&W for the transaction.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BW: