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Siemens Power Generation Acquires Advanced Burner Technologies.


ORLANDO, Fla. -- Siemens Power Generation (PG) expands upon its environmental care business strategy by acquiring Advanced Burner Technologies, Inc. (ABT ABT About
ABT Abteilung (German: Department)
ABT Abbott Laboratories (stock symbol)
ABT American Ballet Theatre
ABT Associação Brasileira de Telemarketing
ABT Abort
ABT Availability Based Tariff
), known globally for its highly effective low NOx burners and combustion modifications for pulverized pul·ver·ize  
v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es

v.tr.
1. To pound, crush, or grind to a powder or dust.

2. To demolish.

v.intr.
 coal-fired steam generators A steam generator is a device used to boil water to create steam. It may refer to:
  • Boiler, a closed vessel in which water is heated under pressure
  • Steam generator (nuclear power), a heat exchanger in a pressurized water reactor equipped nuclear power plant
.

ABT is one of several recent acquisitions aimed at expanding Siemens' offering of market-driven solutions for cleaner, more efficient power generation products and services. In 2004, Siemens acquired Bonus Energy A/S. In October 2005, Wheelabrator Air Pollution Control, Inc. was brought into the company, and most recently, Siemens Power Generation acquired Sustec Group for its trendsetting technology for converting coal cleanly clean·ly  
adj. clean·li·er, clean·li·est
Habitually and carefully neat and clean. See Synonyms at clean.

adv.
In a clean manner.



clean
 for electricity generation.

Strategically this combination matches Advanced Burner Technologies' advanced NOx prevention and control products with Siemens Power Generation's global expertise in highly efficient turbine-generators, power plant equipment and advanced air emissions control Emissions control may refer to:
  • EMCON, a military state of readiness.
  • Automobile emissions control
  • Power Station Emissions Control
 products. Overall, this acquisition furthers Siemens' ongoing commitment to provide innovative technologies, solutions and services to better meet the needs of our customers. Mr. Joel Vatsky, current president of ABT, will continue in his position. ABT will remain in its present location in Pluckemin, New Jersey, and report to PG's Fossil Service Division. The terms of the transaction were not disclosed.

Siemens and ABT share many of the same customers. "This acquisition simplifies business for many of our joint customers, who will now have a single point of contact for many of their plant operations and maintenance services, including the effective integration of service for their turbines, fuel combustion equipment and air emissions control technologies," said Craig Weeks, president, Siemens Power Generation Fossil Service Division.

The Power Generation Group (PG), a unit of Siemens AG Siemens AG

German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations.
, is one of the premier entities in the international power generation sector. In fiscal 2005 (which ended September 30), Siemens PG posted sales amounting to approximately EUR EUR

In currencies, this is the abbreviation for the Euro.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
8.1 billion and received new orders totaling EUR11 billion. Group profit amounted to EUR951 million. On September 30, 2005, PG had a work force of approximately 33,500 worldwide. Further information at: http://www.siemens.com/powergeneration.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:4EUDE
Date:Jun 2, 2006
Words:332
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