Advanced Burner Technology Company News

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.