Ambienta completed the acquisition of a majority stake in Babcock Wanson from Kartesia.

Ambienta, an asset manager, completed the acquisition of a majority stake in Babcock Wanson, a provider of industrial boilers industrial, process heating equipment, servicing and training, from Kartesia, an asset manager specialised in private corporate lending. Financial terms were not disclosed. “We are very excited to start working with Ambienta and continue our partnership with Kartesia in this new phase of growth for the Group. After having successfully entered the electric boiler market, we are committed to strengthening our impact on the energy transition and being a leading one-stop shop provider of sustainable industrial heating solutions. Ambienta’s approach is strongly aligned with this ambition, and we see them as the perfect partners for us," Cyril Fournier Montgieux, Babcock Wanson CEO.