# Sumitomo Heavy Industries to acquire FW Energie B.V.

Sumitomo Heavy Industries Ltd. received PCC approval to acquire FW Energie B.V., a Dutch company in the circulating fluidized boiler business.

- Type: Acquisition
- Announced: 2017-05-26
- Where: Netherlands
- Value: $170.0M
- Status: announced
- Products: circulating fluidized bed boilers
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Sumitomo Heavy Industries](https://endata.com/companies/1271.md) (acquirer)
- [FW Energie](https://endata.com/companies/22570.md) (target)
- [Foster Wheeler](https://endata.com/companies/25101.md) (partner)

## Sources

- [phcc.gov.ph](https://phcc.gov.ph/news/pcc-approves-sumitomo-heavy-industries-ltds-acquisition-of-fw-energie-bv), 2017-05-26: "The transaction does not result in substantial lessening in competition in the relevant market."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/SUMITOMO-HEAVY-INDUSTRIES-6491272/news/Sumitomo-Heavy-Industries-Ltd-completed-the-acquisition-of-FW-Energie-B-V-from-Foster-Wheeler-LLC-35050478/), 2017-06-22: "Sumitomo Heavy Industries, Ltd. completed the acquisition of FW Energie B.V. from Foster Wheeler LLC on June 23, 2017."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.