Company: BWNB
Filing Date: 2025-08-04
Form Type: 8-K
Source: 0001104659-25-073616
Chunk: 0

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-04
Form: 8-K
Item: Item 2.01
Chunk 0
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Item 2.01
Completion of Acquisition or Disposition of Assets

On July 31,
2025, Babcock & Wilcox Enterprises, Inc. (the “ Company”), through certain wholly owned subsidiaries of the Company,
The Babcock & Wilcox Company, Babcock & Wilcox International Sales and Service Corporation, and Babcock & Wilcox
Canada Corp. (collectively, the “ Sellers”), closed its previously-disclosed sale of the equity interests of Diamond Power
International, LLC (“ Diamond”) and related legal entities together with assets related to the Diamond business (the “ Sale”)
to certain legal entities affiliated with Andritz AG (the “ Buyers” and the agreement governing such sale, the “ Purchase
Agreement”). On July 31, 2025, the Sellers and Buyers, along with Andritz AG, entered into an amendment to the Purchase Agreement,
whereby, among other things, Andritz AG assumed all obligations of Andritz China under the Purchase Agreement.

The total base
purchase price paid pursuant to the Purchase Agreement was approximately $177 million, subject to certain offsets and adjustments. The
Purchase Agreement also includes an undertaking for the Sellers and their affiliates not to compete with the Diamond business or to solicit
customers or employees with respect to the Diamond business for a period of four years.

The Company does
not have any material relationship with the Buyer other than in respect of the transaction.

Item 7.01
Regulation FD Disclosure