FCDE-backed Babcock Wanson to acquire Thermigas.

FCDE-backed Babcock Wanson, a designer and manufacturer of medium-sized industrial boilers, agreed to acquire Thermigas, a manufacturer of heating equipment for medium and large volume industrial premises. Financial terms were not disclosed. "The takeover of Thermigas by Babcock Wanson allows me both to secure the future of the company and its employees but also to perpetuate its development. The merger of the two groups will allow me to gradually hand over the hand by increasing the skills and responsibility of Thermigas employees, while relying on the support and support of a European group such as Babcock Wanson," Patrice Le Du, Thermigas Director.