The new business, which will consist of VODA A/S and B&W, will be part of the company’s Renewable segment. Together, the two companies will lay the foundation for growth in renewable energy in Europe.
“We look forward to expanding our service capacity with this acquisition, and we welcome the VODA team to B&W,” says Kenneth Young, Chairman and CEO of B&W.
“VODA has experienced, customer-focused and competent employees, and as we add B&W’s many years of experience, strong finances and underlying resources, we become even stronger, not only in renewable energy and biomass in the European market, but also in our continued work to expand to other energy and industrial customers.”
Christopher Nysted Sørensen, former CEO of VODA, will be responsible for integrating the VODA team with B&W Renewable’s service activities and growing the business.
B&W Renewable offers cost-effective technologies for producing sustainable electricity and heat for a wide range of industries, including waste energy, biomass and biofuels,hydrogen, pulp and solar energy. The company’s service business provides forging services, engineering services, spare parts and audit management and support regardless of original supplier.
Headquartered in Akron, Ohio, Babcock &Wilcox is a global leader in energy and environmental technologies and services for the energy and industrial markets. Follow them on LinkedIn and read more at www.babcock.com.