Siemens Industry, Inc has closed a purchase agreement to acquire 100% of the shares of FCE, LLC, a furnace supplying company serving the metals industry, headquartered in Huntingdon Valley, Pa, USA.
FCE will operate within the Metals Technologies (MT) business unit of the Siemens Industry Sector, and will become the global center of competence for furnaces. The company will continue to operate from its Pennsylvania location and its approximately 20 employees will be integrated into the Siemens business structure.
“The acquisition of FCE will enable Siemens to expand and strengthen its portfolio in furnace technologies, which is vital to Siemens’ growth strategy,” said Aashish Gupta, vice president, Metals Technologies business unit, Siemens Industry, Inc “.
Founded in 2003, FCE provides core sales, engineering, equipment supply and project management expertise in strip and plate heat treatment furnaces. FCE furnace product lines include being an authorized licensee for Drever Company technology as well as continuous strip galvanizing and annealing, and plate quench and temper lines. The F&D Furnaces product lines of the company, include quench and temper furnaces for API pipe and tube for the fast growing global energy markets as well as specialized heating furnaces for bar, plate and billets, large stress relieving furnaces, and motor lamination lines.