This acquisition enhances FOX's ability to provide integrated solutions for the industrial process and energy infrastructure sectors.
Expansion of Systems Engineering and Turbo Machinery Controls
SSE, based in Italy, has been operating as a provider of engineered turbomachinery control systems, field solutions, and expert field technical services for industrial process and energy infrastructure applications.
Acquisition Strengthens Global Field Service Capabilities
Vincent R. Volpe, CEO of Fox Innovation & Technologies, said: “This acquisition adds two critical dimensions to Fox. First, SSE brings systems engineering and turbomachinery controls capabilities to our recently launched Revamp business for turbo compressors in industrial process and energy infrastructure applications. This allows us to provide our clients with an increasingly integrated solution, thereby simplifying the interface on a given project.”
Enhancing Global Reach and Service Offerings
“Second, over the past 40 years, SSE has amassed extensive experience working on high-speed turbo machinery and process reciprocating compressors internationally. Its presence in Europe, Eurasia, the Middle East, North Africa, and South America will augment the Field Service capabilities already present in the USA, which came to FOX by way of the acquisition of the Cotter Group (S.T. Cotter Turbines and Axis Mechanical Group). This coverage will allow FOX to service many of our prospective clients who operate internationally.”
Continued Strategic Acquisitions for Growth and Efficiency
“We view this acquisition as the next logical building block consistent with the strategy we developed several years ago with our partners from Bluewater. We expect to continue to make strategic acquisitions to augment our footprint, capabilities, and service offerings, while at the same time promoting our best-in-class efficiency and industry-leading cycle times.”
Seamless Integration and Future Expansion
The integration of SSE into the FOX Innovation & Technologies platform will begin immediately, ensuring a swift onboarding for SSE’s Management and a seamless transition for both companies’ employees and clients in the high-speed rotating equipment space. This will benefit critical energy infrastructure with an expanded and enhanced aftermarket services offering.
The cost of the transaction is undisclosed.
