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Slide #4. Foster Wheeler — Siemens Environmental Systems and Services
Foster Wheeler (FWLT)
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.
Foster Wheeler operates through two business groups: Global Engineering and Construction Group, which designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction, facilities and receiving terminals, gas-to-liquids facilities, oil refining, chemical and petrochemical, pharmaceutical and biotechnology facilities and related infrastructure; and Global Power Group, which designs, manufactures and installs steam generators and auxiliary equipment for electric power generating stations, district heating and power plants and industrial facilities.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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