Hitachi Zosen Inova AG (Inova), a wholly owned subsidiary of Hitachi Zosen Corporation that designs, constructs, operates and maintains waste-to-energy (WtE) and renewable gas plants, has acquired Babcock & Wilcox Renewable Service A/S (Denmark), from Babcock & Wilcox Enterprise, Inc. and made it a subsidiary.
BWRS employs more than 160 people and provides aftermarket services and maintenance for waste- and biomass-to-energy plants and has a strong presence in the Nordic market with a high market share.
In total, more than 140 WtE plants operate in Nordics countries, many of which are getting older, therefore an increase in demand of aftermarket service is expected.
Inova aims to expand its full-plant lifecycle business for both its own plants and those of other companies, and this acquisition is in line with this strategy.
The location of BWRS in the Nordics provides a complementary relationship with its new parent company from geographical point of view, said Inova.
Hitachi Zosen Inova acquires Babcock & Wilcox Renewable Service
