FOX Expands International Footprint with SSE Acquisition
Deal News | Apr 29, 2025 | Blue Water Energy LLP
Fox Innovation & Technologies has announced the acquisition of Sirio Solutions Engineering, enhancing its capabilities in compressor and high-speed rotating equipment through advanced system engineering and control. SSE, with its 40-year history, will augment FOX's field services operations in international markets. This step aligns with FOX's strategic growth plan, developed with support from Blue Water Energy LLP. The acquisition aims to broaden FOX's service offerings and international presence, benefiting critical energy infrastructure with enhanced aftermarket services.
Sectors
- Energy Infrastructure
- Engineering Services
Geography
- Italy – Sirio Solutions Engineering, the acquired company, is based in Italy.
- United States – FOX, augmented by previous acquisitions, has a presence in the USA, emphasizing its existing field service capabilities.
- International – The synergy between FOX and SSE enhances operations across Europe, the Middle East, North Africa, and South America.
Industry
- Energy Infrastructure – The article discusses FOX's acquisition of SSE, highlighting their role in energy infrastructure, especially in turbomachinery control systems and high-speed rotating equipment.
- Engineering Services – SSE provides engineered solutions and field services, which are critical components of the agreement between FOX and SSE.
Financials
- Undisclosed – The cost of the acquisition transaction is not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fox Innovation & Technologies | Acquirer | Company | A leading provider of technologies and solutions in high-speed rotating equipment, backed by Blue Water Energy. |
| Sirio Solutions Engineering | Target | Company | An Italian based engineering firm specializing in turbomachinery control systems with 40 years of expertise. |
| Blue Water Energy LLP | PE Firm | Company | The private equity firm backing FOX's growth strategy through strategic acquisitions. |
| Vincent R. Volpe | CEO | Person | Chief Executive Officer of FOX, leading the strategic development and expansion of the company. |
| Jesus Pacheco | Board Member | Person | A member of FOX's Board of Directors, facilitating the acquisition and integration of SSE. |
| Sergio Pazzi | President of the Board | Person | Founder and President of SSE, involved in its continued operations post-acquisition. |
| Tom Sikorski | Founding Partner | Person | Founding Partner at Blue Water Energy, supporting FOX's growth and acquisition strategy. |