Dürr AG will purchase the Megtec and Universal businesses of Babcock & Wilcox Enterprises Inc. (B&W) for $130 million. Bietigheim-Bissingen, Germany-based Dürr will integrate the companies into its industrial environmental technology division, Clean Technology Systems.
Megtec, the larger of the two businesses, supplies exhaust-air purification systems, dryers and coating systems for the production of lithium-ion-battery electrodes. Universal is a supplier of acoustic solutions, specializing in noise and emission filtration systems.
The acquisition will create a provider of environmental technology systems for industrial exhaust-air purification. As part of the Dürr organization, these businesses will be well positioned to continue to serve their customers around the world. The sale is expected to close in the third quarter of 2018 and is subject to the satisfaction of customary closing conditions.
Charlotte, N.C.-based B&W provides energy and environmental technologies and services for the power and industrial markets.