By Editors of Power Engineering
Babcock & Wilcox Enterprises Inc. announced the company has acquired Universal Acoustic & Emission Technologies Inc., a Wisconsin-based provider of custom-engineered acoustic, emission and filtration solutions.
Universal AET will be renamed Babcock & Wilcox Universal, and become part of B&W’s industrial operating segment. The deal has an estimated value of $55 million.
The renamed company will continue to provide custom-engineered acoustic, emission and filtration solutions -- including gas turbine inlet and exhaust systems, custom silencers, filters and custom enclosures -- to the natural gas power generation, mid-stream natural gas pipeline, locomotive and general industrial end-markets.
“UniversalAET expands our industrial environmental portfolio into noise abatement, introduces us to new end markets and customers, and gives us another avenue to serve natural gas power generation customers,” said B&W chairman and CEO E. James Ferland. “This acquisition aligns with our strategy to grow our industrial market exposure and continue to increase our non-coal revenue base.”