Siemens buys furnace company FCE

By Kari Williamson

FCE will operate within the Metals Technologies (MT) unit of the Siemens Industry Sector, and will become its global centre of competence for furnaces. The company will continue to operate from its current location, and the 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," says Aashish Gupta, Vice President, Metals Technologies business unit, Siemens Industry, Inc.

"FCE is known for its superior expertise in engineering customised furnace technology solutions as well as for its dedicated employees' extensive process and application know-how. Our combined portfolio will enable Siemens to ensure the seamless performance of the entire metals facility while providing our customers with the products, solutions and services to be successful."