on Andritz AG (isin : AT0000730007)
ANDRITZ Acquires Diamond Power International
ANDRITZ AG has announced the acquisition of Diamond Power International, LLC from Babcock & Wilcox Enterprises, Inc. This move aims to bolster ANDRITZ's recovery and power boiler service sector. Diamond Power is known for its advanced boiler cleaning systems, catering to the pulp, paper, and power industries globally.
With over 120 years of expertise and a presence in 15 countries, Diamond Power brings annual revenues of around 100 million euros. This acquisition will enhance ANDRITZ's capabilities in boiler maintenance and supply, offering new growth prospects for boiler-related services.
ANDRITZ Executive Board member Jarno Nymark emphasizes the importance of efficient boiler operations with increasing fuel varieties. Diamond Power's technologies and extensive network are set to enhance ANDRITZ's market standing.
R. H.
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