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Hitachi Zosen Inova acquires Babcock & Wilcox Renewable Service in the Nordics

Hitachi Zosen Inova acquires Babcock & Wilcox Renewable Service in the Nordics
Based in Holsted, Denmark, Babcock & Wilcox Renewable Service A/S (BWRS) employs more than 160 people and provides aftermarket services and maintenance for waste- and biomass-to-energy plants (photo courtesy HZI).

Swiss-Japanese green-tech company Hitachi Zosen Inova AG (HZI) has announced the acquisition of Danish-based Babcock & Wilcox Renewable Service A/S (BWRS). With the acquisition, the signing and closing of which took place on June 28, 2024, strengthens HZI’s position as the full plant life cycle solutions partner of choice for Europe’s considerable fleet of waste-to-energy and biogas/biomethane plants.

In July 2024, the legal entities that formerly operated as BWRS will assume Hitachi Zosen Inova regional designations, with the Danish operations becoming Hitachi Zosen Inova Denmark A/S.

Strong presence

HZI’s new team has a strong presence in the Nordics. This region boasts a high density of waste-to-energy and biogas plants, and therefore, presents good growth prospects in plant life cycle solutions, services, and retrofits.

It also complements the geographical footprint and technological capabilities of HZI’s Service.

We are delighted to welcome this great team into the HZI Group and strengthen our service offering to our customers in this important region. We believe in the importance of turning the plants of our grandparents into those of our grandchildren; this acquisition will put us in an even better position to serve our customers and enhance decarbonization, resource circularity, and supply security for present and future generations, said Bruno-Frédéric Baudouin, CEO of HZI.

With three offices in Denmark and an additional presence across Europe, the new team will be integrated into HZI’s Systems & Service Solutions business unit, bringing further expertise and capacity to the group as well as a strong order pipeline.

The pressure is building on Europe’s waste-to-energy sector to increase plant efficiency and reduce greenhouse gas emissions, not only from a climate perspective but also increasingly from a regulatory, financing, and business standpoint. Our customers need to know that we will be there for them as these inevitable plant upgrades and retrofits become necessary. That’s why this acquisition represents a strong commitment to the future of Europe’s waste management infrastructure, said Thomas Feilenreiter, EVP Systems & Service Solutions at HZI.

The acquisition, the value of which has not been disclosed, brings HZI’s Systems & Service Solutions business unit to more than 900 people in 13 countries worldwide.

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