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]niklas.jelinek@andritz.com
[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: welcome@andritz.com
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

https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2151118&application_name=news&site_id=apa_ots_austria~~

References

~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. niklas.jelinek@andritz.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c4f006ff249d8b5cd67063508605c06f&application_id=2151118&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news