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Industrial Machinery & Equipment M&A image Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Tue., Mar. 19, 5:27 AM Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.

Slide #4. 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 technologies for air pollution control, process optimization, water treatment and engineering services. Co.'s segments are: 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 in combination with Computational Fluid Dynamics and Chemical Kinetics Modeling boiler modeling, 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: 
3
Total Market Value Held by ETFs: 
$920680
Total Market Capitalization: 
$33.00M
% of Market Cap. Held by ETFs: 
2.79%
 

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Strong Buy (4.00 out of 4)
91st percentile
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