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Slide #4. Fuel Tech, Inc. — Cleveland Roll Forming Environmental Division, Inc. (also d/b/a PECO) and FGC Corporation (FGC)
Fuel Tech, Inc. (NASDAQ:FTEK)
Cleveland Roll Forming Environmental Division, Inc. (also d/b/a PECO) and FGC Corporation (FGC)
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 engaged in the development, commercialization and application of proprietary technologies for air pollution control, process optimization, water treatment and engineering services. Co.'s nitrogen oxide (NOx) reduction technologies include combustion modification techniques and post-combustion NOx control approaches, including NOxOUT®, HERT, and Advanced Selective Non-Catalytic Reduction systems, ASCR Advanced Selective Catalytic Reduction (SCR) systems, and I-NOx® Integrated NOx Reduction Systems, which utilize various combinations of these systems, along with the UDI Urea Direct Injection system for SCR reagent supply, and the ULTRA® process for safe ammonia generation.
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Hold (2.00 out of 4)
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