Babcock & Wilcox to Divest Its Italian and Swedish Operations

Babcock & Wilcox has announced its decision to divest its operations in Italy and Sweden. This strategic move is part of the company’s ongoing efforts to streamline its business operations and focus on its core areas of expertise.

The sale of these European businesses is expected to enhance Babcock & Wilcox’s financial position and allow for reinvestment in other key segments. The company aims to strengthen its commitment to innovation and growth in its remaining markets.

As Babcock & Wilcox progresses with this divestiture, it will continue to prioritize the needs of its customers and stakeholders while navigating this transition. The company remains dedicated to delivering high-quality services and solutions across its primary business sectors.