Babcock & Wilcox To Acquire Voda A/S For Undisclosed Sum

Babcock & Wilcox Enterprises Inc BW has agreed to acquire VODA A/S for undisclosed financial terms.
Vejen, Denmark-based VODA is a multi-brand aftermarket part and service provider for the waste-to-energy and biomass-to-energy markets.
B&W will form B&W Renewable Service to integrate the VODA A/S and B&W Vølund aftermarket services businesses.
B&W Renewable Service will be led by VODA's CEO Christopher Nysted Sørensen.
The company targets to close the transaction at the end of October 2021.
Babcock & Wilcox held cash and equivalents of $143.6 million as of June 30, 2021.
Price Action: BW shares traded lower by 2.39% at $6.32 on the last check Tuesday.