BWSC sells its Boiler Supply business to the Uruguay-based company Berkes

BWSC sells its Boiler Supply business to the Uruguay-based company BERKES

Introduction

The Allerød-based company BWSC has reached an agreement with the Uruguay-based company BERKES for the acquisition of its Boiler Supply business. The Boiler Supply business is an international engineering business developing, designing, constructing and commissioning high efficiency advanced utility and biomass steam boilers to the energy industry.

Based on 30+ years of experience in biomass, the boilers represent the best-available-technology in the market through proprietary designs, which include own boiler, grate and fuel feeding technology as well as deep knowledge of flue-gas technology. The Boiler Supply business has a particular strong track-record and solution offering for utility companies, independent power producers (IPP) and industrial customers. The organisation comprises highly dedicated and skilled engineers based in Copenhagen, Denmark and Noida, New Delhi, India.

Oaklins was engaged by BWSC as the exclusive financial advisor in this transaction.

We believe that BERKES will be the right owner for the boiler supply business, as they see the strategic advantages in the technology and have ambitions in this field. We therefore trust and foresee, that our good colleagues in the boiler supply unit will find themselves in good hands when they in January 2022 are transferred to BERKES as part of this agreement. NIKOLAJ HOLMER NISSEN, CEO – BWSC

About BWSC

Burmeister & Wain Scandinavian Contractor A/S (BWSC) has industrial roots back as far as 1843 and is effectively the world’s oldest steam boiler manufacturer. Based in Allerød, BWSC is today a global power plant Operation & Maintenance and technical service provider with engineering expertise, enabling power plant owners to deliver cleaner and affordable energy. BWSC is owned by Mitsui E&S, has revenue (2020) of DKK 1.8bn and 767 employees.

BWSC has designed and built hundreds of plants around the world, many on islands or in remote areas. They are experts in servicing, upgrading, operating, and maintaining energy systems for diesel, natural gas, and renewable baseload power plants, helping their customers increase reliability and availability of energy production, improve efficiency and performance of their power plant, design and integrate future-proof technologies, and secure lower cost of maintenance.

Read more about BWSC on the website: www.bwsc.com

About BERKES

Established in 1939 and headquartered in Uruguay, BERKES has established solid experience in the engineering area. Among other creative contributions to industrial engineering, BERKES has developed the torsional chamber with gasification, which constituted combustion systems suited to boilers and dryers from biomass, its particularity is to produce excellent combustion and at the same time very clean.

BERKES has grown into an acknowledged boiler manufacturer and have for some time pursued a strategy of playing a more active role in the European market. The acquisition of the BWE technology and the unique competences of the boiler supply team is an important step in fulfilling BERKES’ ambitions.

Read more about BERKES on the website: www.berkes.com.uy