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Foster Wheeler Signs Agreement with Siemens Energy to Acquire Environmental Business

ZUG, Switzerland--(BUSINESS WIRE)--Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has signed an asset purchase agreement with Siemens Energy, Inc. to acquire the Siemens Environmental Systems and Services business that supplies and services clean air technologies for use in power plants and industrial facilities. Closing of the transaction is subject to customary closing conditions, and is expected in the second quarter of 2014.