EQS-News: ANDRITZ to acquire Diamond Power International

EQS-News: Andritz AG / Key word(s): Takeover
   ANDRITZ to acquire Diamond Power International

   05.06.2025 / 12:57 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   GRAZ, JUNE 5, 2025.  International technology group ANDRITZ has signed an
   agreement to acquire Diamond Power International, LLC (Diamond Power)
   businesses, including its subsidiaries and manufacturing locations, from
   U.S.-based Babcock & Wilcox Enterprises, Inc. (B&W). Diamond Power is a
   designer and manufacturer of advanced boiler cleaning systems. The
   acquisition will significantly strengthen ANDRITZ’s recovery and power
   boiler service business.

   Diamond Power has more than 120 years of experience in the supply of
   boiler cleaning technologies for the pulp, paper and power industries. It
   has locations in 15 countries, along with manufacturing bases in
   Lancaster, Ohio, USA and Dumbarton, Scotland, UK. The company achieves
   annual revenues in the range of 100 million euros with a team of 400
   experts.

   Diamond Power boiler cleaning systems and services complement ANDRITZ’s
   capabilities for the supply and maintenance of boilers. The company’s
   comprehensive sales and service network will further strengthen ANDRITZ’s
   global presence, offering potential for future growth from boiler-related
   products with a high share in services.

   Jarno Nymark, ANDRITZ Executive Board member responsible for the Pulp &
   Paper business area, says: “With the variety of fuels increasing, cleaning
   the inside of recovery and power boilers is becoming more important all
   the time. This acquisition is driven by our commitment to providing our
   customers with comprehensive and innovative solutions for the efficient
   and reliable operation of boilers throughout their lifecycle.”

   In addition to cleaning technologies, Diamond Power provides a variety of
   process optimization products, including monitoring systems such as
   high-definition and infrared light cameras, process gas temperature
   measuring pyrometers, and temperature measurement software.

   “We have had a strong relationship with ANDRITZ for many years and are
   pleased to announce this transaction,” said Christopher Riker, B&W
   Executive Vice President and Chief Operating Officer. “We’re committed to
   ensuring a smooth transition of this business over the weeks ahead and
   look forward to continuing to work with the ANDRITZ and Diamond Power team
   to support customers in the global power and industrial markets.”

   The closing of the transaction is expected within 30 to 60 days.

   – End –

   PRESS RELEASE AVAILABLE FOR DOWNLOAD
   The press release is available for download at [1]andritz.com/news.

   FOR FURTHER INFORMATION, PLEASE CONTACT
   Niklas Jelinek
   Media Relations
   [2][email protected]
   [3]andritz.com

   ANDRITZ GROUP
   International technology group ANDRITZ provides advanced plants,
   equipment, services, and digital solutions for a wide range of industries,
   including pulp and paper, metals, hydropower, environmental, and others.
   Founded in 1852 and headquartered in Austria, the publicly listed group
   employs about 30,000 people at 280 locations in over 80 countries.
   As a global leader in technology and innovation, ANDRITZ is committed to
   fostering progress that benefits customers, partners, employees, society,
   and the environment. The company’s growth is driven by sustainable
   solutions enabling the green transition, advanced digitalization for
   highest industrial performance, and comprehensive services that maximize
   the value of customers’ plants over their entire life cycle. ANDRITZ. FOR
   GROWTH THAT MATTERS.

   ANDRITZ PULP & PAPER
   ANDRITZ Pulp & Paper provides sustainable technology, automation, and
   service solutions for the production of all types of pulp, paper, board
   and tissue. The technologies and services focus on increased production
   efficiency, lower overall operating costs as well as innovative
   decarbonization strategies and autonomous plant operation.

   The product portfolio also includes boilers for power generation, various
   nonwoven technologies, and panelboard (MDF) production systems. With
   waste-to-value recycling, shredding and energy solutions, waste and
   by-product streams from production are converted into valuable secondary
   raw materials as well as into sustainable resources for energy generation.
   State-of-the-art IIoT technologies as part of Metris digitalization
   solutions complete the comprehensive product offering.

    

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   05.06.2025 CET/CEST This Corporate News was distributed by EQS Group.
   www.eqs.com

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   Language:    English
   Company:     Andritz AG
                Stattegger Straße 18
                8045 Graz
                Austria
   Phone:       +43 (0)316 6902-0
   Fax:         +43 (0)316 6902-415
   E-mail:      [email protected]
   Internet:    www.andritz.com
   ISIN:        AT0000730007
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 2151118


    
   End of News EQS News Service


   2151118  05.06.2025 CET/CEST

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