Japanese buy German waste-disposal firm
Posted on 23 Apr 2014 and read 964 times
Nippon Steel & Sumikin Engineering Co (NSSE) is to acquire Fisia Babcock Environment GmbH — a German environmental engineering company — from a Dutch subsidiary of an Italian general contractor for about 19 billion yen. The Japanese firm intends to strengthen its waste-disposal business in Europe through the acquisition of the Gummersbach-based business.
NSSE, which has 40 plants in Japan and two in South Korea, is the world’s leading supplier of waste gasification and melting technology. Its Direct Melting System is proving popular in Europe, where it is helping to meet the demands arising from the introduction of government legislation promoting ‘energy from waste’(EfW). Fisia Babcock Environment operates EfW plants across Europe that are based on grate incineration technology.
NSSE president Makato Takahashi said: “This collaboration will allow us to expand our EfW business in the global market and thus become the world’s leading environmental plant engineering company.”