Foster Wheeler finalises Siemens acquisition

Foster Wheeler has announced that a subsidiary of its Global Power Group has finalised the acquisition of the Siemens Environmental Systems and Services business, that supplies and services clean air technologies for use in power plants and industrial facilities. The transaction closed on 30 April 2014.

The purchase includes assets of the former Wheelabrator Air Pollution Control Company located in Pittsburg, Pennsylvania and the Advanced Burner Technology Company located in Branchburg, New Jersey.

Gary Nedelka, Chief Executive Officer of Foster Wheeler’s Global Power Group, commented: “With environmental legislation becoming increasingly stringent around the world, we wanted to be in a position to address these environmental challenges for our clients. Foster Wheeler now offers a full array of solutions to meet both tightening environmental regulations and the growing demand for energy on a global basis.”

Foster Wheeler is in the process of integrating the assets into the global environmental and industrial product offerings of its Global Power Group. Foster Wheeler now offers a comprehensive line of environmental equipment to complement its steam generator products.

Adapted from a press release by Emma McAleavey.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/07052014/foster_wheeler_siemens_acquisition_480/