Foster Wheeler Closes Acquisition Of Siemens Environmental Systems And Services
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has finalized 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 was closed April 30, 2014.
The Siemens Environmental Systems and Services purchase includes assets of the former Wheelabrator Air Pollution Control Company located in Pittsburgh, Pennsylvania and the Advanced Burner Technology Company located in Branchburg, New Jersey.
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. The offerings include design, engineering, retrofit and service of a broad range of clean air technologies for power and industrial plants including: wet and dry flue gas desulfurization (FGD) and particulate control (fabric filters and electrostatic precipitators), acid gas control, mercury control, NOx reduction and combustion optimization systems.
“With environmental legislation becoming increasingly stringent around the world, we wanted to be in a better position to address these environmental challenges for our clients,” said Gary Nedelka,
Chief Executive Officer of Foster Wheeler’s Global Power Group. “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.”