Fives FCB strengthens its market position with the acquisition of the Technip France Cement Division
This July, Fives FCB acquired the business portfolio of CLE, the specialist cement plant division of the Technip Group. This acquisition marks a new stage in the development and growth of Fives FCB, and makes a major contribution to strengthening its position in the Services market.
For more than 40 years, the CLE Division of Technip France has been a recognized force in the cement industry, and has completed installation and revamping projects for many cement manufacturer customers. More recently, it has been involved in major revamping projects in France, Poland, Spain, Tunisia, Morocco, Turkey and Brazil. The many facilities developed by the CLE Division of Technip France worldwide have now joined the installed base of Fives FCB, contributing nearly 80 additional reference sites around the world.
This acquisition strengthens the presence of Fives FCB in many of its existing regions, at the same time as extending the range of services it offers the cement industry, especially in burning line upgrades, maintenance services and spare parts, and opening up new opportunities in Africa, the Middle East and the Americas.