Japanese waste to energy gasification firm, Nippon Steel & Sumikin Engineering (NSENGI), has confirmed the finalisation of its acquisition of German grate incineration firm, Fisia Babcock Environment (FBE), at this year’s IFAT event in Munich.
The Japanese company originally announced the acquisition of Fisia Babcock from the Dutch firm, Impregilo International Infrastructures, back in March this year.
NSENGI explained that it is scheduled to complete all legal transactions necessary for FBE to become a member of the NSENGI Group.
The company added that the mutual collaboration will enable both waste to energy firms to develop and offer a wider range of business solutions to the clients.
The formal closing of the deal coincided with the bi-annual IFAT exhibition in Munich, at which the Waste Management World team was in attendance.
Video footage of the traditional Japanese ceremony marking the formal completion of the deal, in which a barrel of Saki is jointly broken open, can be viewed below.
For more on the acquisition keep your eyes peeled for WMW’s professionally filmed IFAT Highlights videos.
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