ZUG, Switzerland--(BUSINESS WIRE)-- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has completed the purchase of Graf-Wulff GmbH, a German company that designs, manufactures and installs circulating dry ash flue gas scrubbing technology for all types of boilers in the power and industrial sectors.
Terms of the transaction were not disclosed.
Graf-Wulff supplies proprietary multi-pollutant scrubbing technology that is particularly well suited for reducing emissions of sulfur dioxide, particulates, heavy metals, acid gases and other pollutants targeted by environmental regulations that are emerging in the US and Europe. Graf-Wulff scrubber and related air quality technology has been supplied to and utilized in applications across Europe, North America and Asia.
“The acquisition of Graf-Wulff establishes immediate and significant market presence for Foster Wheeler’s Global Power Group in scrubbers, fabric filters and related equipment for both new and existing utility power and industrial steam plants,” said Gary Nedelka, Chief Executive Officer of Foster Wheeler’s Global Power Group. “With the addition of Graf-Wulff’s technology to our portfolio of products and services, we can now offer our clients a full array of solutions to meet both tightening environmental regulations and the growing demand for energy.”
Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.
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