Siemens Energy acquires 60 per cent share in Steinmuller Engineering

3 July 2009

Siemens Energy has acquired a 60 per cent majority stake in German Steinmuller Engineering, which provides engineering for combustion technologies designed to reduce CO2 emissions. Financial details were not disclosed.

‘The existing global fossil-fueled power generation infrastructure will continue to be a mainstay of the power industry. As a result, our customers face an increasing demand for emissions controls to create more environmentally benign sources of power generation,’ said Randy Zwirn, CEO of energy service division within Siemens Energy.

This latest acquisition is part of Siemen Energy’s plan to increase its green portfolio. In 2005, Siemens acquired US-based Wheelabrator Air Pollution Control and Advanced Burner Technologies in 2006.

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Tags: energy efficiency

This story was published on Friday, July 3rd, 2009 at 11:09 am and is filed under Europe, deals, energy efficiency. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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