UniversalAET, which employs approximately 460 people mainly in the US and Mexico, provides custom-engineered acoustic, emission and filtration solutions to the natural gas power generation, mid-stream natural gas pipeline, locomotive and general industrial end-markets. The UniversalAET product offering includes gas turbine inlet and exhaust systems, custom silencers, filters and custom enclosures.
UniversalAET is a bolt-on acquisition for B&W MEGTEC and will be included in B&W’s Industrial operating segment. The new company will be named Babcock & Wilcox Universal and operate under the trade name B&W Universal.
“UniversalAET expands our industrial environmental portfolio into noise abatement, introduces us to new end markets and customers, and gives us another avenue to serve natural gas power generation customers,” said B&W chairman and CEO E James Ferland. “This acquisition aligns with our strategy to grow our industrial market exposure and continue to increase our non-coal revenue base.”
The deal is based on an enterprise value of US$55 million, subject to certain adjustments.