Babcock Wanson Expands with Chr. Møller Acquisition
Deal News | Jun 03, 2025 | Finance Community IT - 1 Corporate M&A
Babcock Wanson Group has acquired Denmark-based Chr. Møller, a company specializing in the maintenance and optimization of industrial boilers. This acquisition fits into Babcock Wanson's strategy to enhance its technical service network across Europe, supporting the industry's transition towards energy efficiency and decarbonization. Chr. Møller, a veteran in the field since 1967, brings extensive expertise in boiler maintenance and system optimization, complementing Babcock Wanson's mission of sustainability. Ambienta, the European asset manager behind Babcock Wanson, highlights this acquisition under its Pollution Control and Resource Efficiency investment strategy, aiming to strengthen Babcock Wanson's positioning as a leader in industrial heat decarbonization across Europe. Gwenalle Le Ho Daguzan of Ambienta expressed the strategic significance of this acquisition for future growth and partnerships.
Sectors
- Industrial Engineering
- Renewable Energy and Decarbonization
Geography
- Europe – The acquisition strategically enhances Babcock Wanson's presence across Europe, where both companies operate extensively.
- Denmark – Chr. Møller, the acquisition target, is based in Denmark, signifying the importance of this geography in the transaction.
Industry
- Industrial Engineering – Both Babcock Wanson and Chr. Møller operate within the industrial engineering sector, focusing on thermal energy solutions, a crucial component in industrial production processes.
- Renewable Energy and Decarbonization – The acquisition emphasizes the renewable energy sector, particularly in decarbonizing industrial heat, aligning with global transitions towards sustainable energy solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Babcock Wanson Group | Acquiring Company | Company | A provider of equipment and solutions for thermal energy production and management in industrial processes. |
| Chr. Møller | Target Company | Company | A Danish company specializing in industrial boiler maintenance and optimization. |
| Ambienta SGR | Asset Manager | Company | The asset manager behind Babcock Wanson, focusing on sustainable investment strategies including Pollution Control and Resource Efficiency. |
| Gwenalle Le Ho Daguzan | Partner | Person | A partner at Ambienta who commented on the strategic impact of the acquisition. |