ZUG, Switzerland--(BUSINESS WIRE)--Jan. 5, 2012-- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has completed the purchase of Graf-Wulff GmbH, a German company that designs, manufactures and installs circulating dry ash flue gas scrubbing technology for all types of boilers in the power and industrial sectors. Terms of the transaction were not disclosed.
Graf-Wulff supplies proprietary multi-pollutant scrubbing technology that is particularly well suited for reducing emissions of sulfur dioxide, particulates, heavy metals, acid gases and other pollutants targeted by environmental regulations that are emerging in the US and Europe. Graf-Wulff scrubber and related air quality technology has been supplied to and utilized in applications across Europe, North America and Asia.
“The acquisition of Graf-Wulff establishes immediate and significant market presence for Foster Wheeler’s Global Power Group in scrubbers, fabric filters and related equipment for both new and existing utility power and industrial steam plants,” said Gary Nedelka, Chief Executive Officer of Foster Wheeler’s Global Power Group. “With the addition of Graf-Wulff’s technology to our portfolio of products and services, we can now offer our clients a full array of solutions to meet both tightening environmental regulations and the growing demand for energy.”
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