Dürr Buys Industrial Environmental Technology Business of Babcock & Wilcox
BIETIGHEIM-BISSINGEN, Germany – Dürr has completed the previously announced acquisition of the industrial environmental technology business of the U.S. company Babcock & Wilcox as of Oct., 5, 2018. The transaction creates one of the leading global providers of air pollution and noise control technologies offering companies from all industries a broad range of solutions for tightening emissions regulations worldwide. The addition of the regional offices of the two environmental technology specialists, MEGTEC and Universal, significantly increases Dürr's global presence and provides a strong global platform for serving customers.
Clean Technology Systems (CTS), Dürr's environmental technology division, is growing significantly as a result of the acquisition. MEGTEC adds technologies for air pollution control such as wet and dry electrostatic precipitators, fabric filters, and solvent recovery systems, along with industrial dryers and coating systems for lithium-ion-battery electrodes. Universal, a leading supplier of acoustic solutions, specializes in sound attenuation systems and air filters and adds noise control as a new dimension to the CTS environmental business. With this acquisition, the company is strengthening and broadening its business in Europe and North America to meet the growing demand for industrial environmental solutions in these regions. In addition, the innovative technologies and diverse product line on environmental equipment also create market potential in the emerging economies of China, India, Southeast Asia and South America.