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Industrial M&A image Industrial M&A » By The Online Investor Staff, updated Sat., May. 30, 9:35 PM Recent mergers and acquisitions in the Industrial M&A category.

Slide #8. Fuel Tech, Inc. Cleveland Roll Forming Environmental Division, Inc. (also d/b/a PECO) and FGC Corporation (FGC)

Acquirer: Fuel Tech, Inc. (NASDAQ:FTEK)
Acquiree: Cleveland Roll Forming Environmental Division, Inc. (also d/b/a PECO) and FGC Corporation (FGC)
Details: Fuel Tech, Inc. (NASDAQ:FTEK), a world leader in advanced engineering solutions for the optimization of combustion systems and emissions control in utility and industrial applications, today announced that through stock purchase agreements with each of two companies, it has acquired Cleveland Roll Forming Environmental Division, Inc. (also d/b/a PECO) and FGC Corporation (FGC) for total cash consideration of $7.25 million and $1.0 million, respectively. The transactions with both privately held companies (collectively, PECO-FGC) closed earlier today. These acquisitions are expected to be immediately accretive to Fuel Tech.

Fuel Tech is a technology company engaged in the development, commercialization and application of proprietary technologies for air pollution control, process optimization, combustion engineering services. Co. has two segments: Air Pollution Control Technology, which includes technologies to reduce oxides of nitrogen emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources; and FUEL CHEM® Technology, which uses chemical processes for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers.

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Company Name: 
Fuel Tech Inc
Website: 
www.ftek.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding FTEK: 
4
Total Market Value Held by ETFs: 
$354015
Total Market Capitalization: 
$20.00M
% of Market Cap. Held by ETFs: 
1.77%
 

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Hold (2.00 out of 4)
3rd percentile
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