Posted on March - 29 - 2010
Babcock and Wilcox unit agrees to buy parts of GE Energy division
Babcock & Wilcox Power Generation Group Inc. in Barberton said it has signed a contract with the GE Energy division of General Electric Co. to acquire for an undisclosed price its electrostatic precipitator and emissions monitoring business units.
The B&W unit, a part of McDermott International Inc., said the products and services it’s acquiring are used to monitor and control particulates and other emissions from power plants, factories and other facilities. The two GE Energy businesses employ about 220 at offices in Kansas City, Mo., Folkston, Ga., Newport News, Va., and Hatfield, Pa., in the United States, as well as locations globally.
Employees will transition to B&W in the coming months.
Richard L. Killion, president and chief operating officer of B&W’s Power Generation Group, said in a statement that the “knowledge and experience of these highly skilled employees and the ability to offer new products and services to current and prospective customers will be a valuable addition to our strategic growth plan.”
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