B&W Announces Completion of Acquisition of Industrial Products and Services Firm MEGTEC
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has completed the acquisition of MEGTEC, a De Pere, Wis.-headquartered industrial processes solutions provider, based on an enterprise value of $155 million, subject to adjustments.
B&W Awarded Steam Generator Services Contract for Dominion Fleet
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Nuclear Energy, Inc. (B&W NE), was awarded a multi-year fleet services contract from Dominion Generation to provide comprehensive steam generator inspection, repair and cleaning services for the company’s three operating nuclear stations – North Anna in Mineral, Va; Surry in Surry, Va; and Millstone in Waterford, Conn.
B&W's New Innovative Nuclear Inspection Robot Earns Industry Qualifications
Babcock & Wilcox Nuclear Energy, Inc.(B&W Nuclear Energy), a subsidiary of The Babcock & Wilcox Company (B&W) (NYSE:BWC), has earned the qualifications necessary to use its ARCHER™ robot, designed by INETEC, to perform inspections on nuclear reactor vessel closure heads.