Sumitomo Heavy Industries completes share acquisition of FW Energie

• 7 years ago (2017-06-27)
• David Flin

Asia 892 Transmission 191

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Sumitomo Heavy Industries (SHI) of Japan has announced that is has completed the share acquisition of FW Energie. This results in the combination of SHI and Amec Foster Wheeler’s fluidised bed business to become Sumitomo SHI FW.

Sumitomo SHI FW will become part of the Energy and Environment group within SHI, which will concentrate its activities on CFB and BFB steam generators and gasifiers, CFB scrubbers, metallurgical waste heat boilers, and aftermarket services.

Tomas Harju-Jeanty, CEO of Sumitomo SHI FW, said: “Combining our strong Foster Wheeler heritage with Sumitomo’s world-wide recognised name and skill will create a strong brand within and outside our traditional markets. Sumitomo SHI FW will have a deep commitment to technology innovation. Our goal is to provide clients with sustainable value that will endure for the longer term.”