MEGTEC being purchased for $155M

File photo.
File photo.

DE PERE – A De Pere-based industrial equipment manufacturer is being purchased for $155 million.

The Babcock & Wilcox Power Generation Group, Inc. has reached a deal to acquire MEGTEC.

MEGTEC designs, engineers, manufactures and services air pollution control systems and coating/drying
equipment.

MEGTEC, which employs approximately 325 workers in De Pere, will operate as B&W MEGTEC. The purchase is expected to be completed by June 30.

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