Amec Foster Wheeler completes $170m sale of boiler business to SumitomoStaff Writer | June 26, 2017
Amec Foster Wheeler said it has completed the sale of its circulating fluidised bed (CFB) boiler business to Sumitomo Heavy Industries for $170m, which will be used to reduce net debt.
Acquisition The CFB boiler business
The North American aftermarket services business, originally part of GPG, is being retained and since the beginning of 2017, has been operating as part of Amec Foster Wheeler's power & process business. ■