Babcock & Wilcox to acquire majority share of solar power contractor

Babcock & Wilcox Enterprises Inc. in Akron has agreed to acquire a majority ownership stake in an Illinois-based solar energy contractor.

Terms of the acquisition were not disclosed.

The ownership stake in Fosler Construction Co. could significantly enhance Babcock & Wilcox’s capabilities in solar energy, the Akron company said in a press release.

The transaction is expected to close at the end of September, subject to customary closing conditions, the company said.

Fosler Construction provides…


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