CECO Environmental subsidiary awarded two large new orders totaling $20M CECO Environmental announced that its Aarding Thermal Acoustics subsidiary in The Netherlands recently received two large new orders totaling $20M. The first order is from Saudi Electricity for several natural gas power plants in the Middle East. CECO's technology will be installed downstream of several large GE natural gas turbines. The second significant order, also from Aarding, is for two large natural gas turbines for an Asian customer.
CECO Environmental closes acquisition of Jiangyin Zhongli CECO Environmental announced that it has received the necessary Chinese government approvals and has closed its previously announced acquisition of Jiangyin Zhongli Industrial Technology, which has annual revenue of approximately $28M and nearly 200 employees. Zhongli provides technology solutions to the energy sector including traditional power plants, related end-users and engineering, procurement and construction firms in China and Russia.