Babcock & Wilcox Enterprises (B&W) is selling its Megtec and Universal businesses to the US arm of Germany-based engineering firm Dürr.
Dürr said it is acquiring 100% of the shares in each of the three B&W subsidiaries— Babcock & Wilcox Megtec, Babcock & Wilcox Megtec Holdings and Babcock & Wilcox Universal— in a $130 million deal that is subject to adjustment.