Sumitomo Heavy Industries, Ltd. Completes Share Acquisition of FW Energie B.V.

  • New global CFB company – Sumitomo SHI FW
  • Highly competitive global delivery network proven by hundreds of
    successful projects


AMSTERDAM–(BUSINESS WIRE)–With reference to Sumitomo Heavy Industries, Ltd. (SHI)
announcement of 26
th June, 2017
(attached)
, SHI completed the share acquisition of FW Energie
B.V. culminating in the combination of SHI and Amec Foster Wheeler’s
fluidized bed business to become Sumitomo SHI FW, a new global leader in
sustainable energy solutions.

Sumitomo SHI FW will become part of the Energy and Environment Group
within SHI where we will dedicate our talent, energy and quality of
service on CFB and BFB steam generators and gasifiers, CFB scrubbers,
metallurgical waste heat boilers and aftermarket services.

Tomas Harju-Jeanty, CEO, Sumitomo SHI FW, said:

“Combining our strong Foster Wheeler heritage with Sumitomo’s
world-wide recognized 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.”

Notes to editors:

Sumitomo SHI FW (www.shi-fw.com)
is a world leader in combustion and steam generation technology. The
company has sold over 450 CFB steam generating units around the world,
bringing high-value technology solutions to utilities, independent power
generators and industrial clients. Our leadership position in CFB
combustion has resulted from our commitment to deliver superior designs
providing high efficiency, fuel flexibility and low emissions. Our power
solutions expand beyond fluidized bed technologies, covering a full
range of environmental products, waste heat boilers and a spectrum of
aftermarket services.

Contacts

Sumitomo SHI FW
Jan Rogers
Director of Forecasting & Analysis,
Strategy & Business Development
D +1-908-713-3288