Kanadevia Inova acquires assets from Babcock & Wilcox A/S in Denmark, including Vølund grate technology and licences
Swiss-based greentech company will absorb Babcock & Wilcox A/S assets into Kanadevia Inova Denmark, strengthening support for customers in the Nordics and Europe and opening new markets courtesy of an expanded technology portfolio.
Zurich, Switzerland — Kanadevia Inova, a global leader in solutions for the energy transition and circular economy, announces the acquisition of the majority of Denmark-based Babcock & Wilcox A/S (B&W A/S) assets, bolstering its team in the country and boosting support for customers across the Nordics and Europe. B&W A/S is a subsidiary of U.S.-based Babcock & Wilcox Enterprises, Inc. (B&W).
The deal will reunite a team that was briefly separated when Kanadevia Inova acquired the B&W Renewable Service A/S unit in Denmark last year, bringing in additional advanced upgrade capabilities to support full plant lifecycle solutions.
The employees transferring from B&W A/S will be based primarily in Holsted and Taastrup, Denmark, bringing the number of Kanadevia Inova Denmark employees to more than 200 and considerably broadening the company’s service capacity in a dense and aging waste infrastructure market.
The agreement covers Vølund grate technology, references and licences globally.
Under the agreement, Kanadevia Inova and B&W will evaluate potential cooperation for future projects involving B&W’s BrightLoop™ chemical looping process, which produces low-carbon hydrogen, steam, or syngas while isolating carbon dioxide for capture and storage or usage.
Additionally, Kanadevia Inova and B&W intend to work collaboratively in the United States and Canada on greenfield Waste to X plants on a project-by-project basis, leveraging Kanadevia Inova’s industry-leading thermal treatment technology and B&W’s considerable experience in designing, supplying and servicing some of the world’s cleanest and most efficient waste management infrastructures.