FOX INNOVATION & TECHNOLOGIES (FOX) ACQUIRES SIRIO SOLUTIONS ENGINEERING (SSE) S.p.A.
SSE will add complementary services and international exposure to the FOX footprint
• FOX, led by former Dresser-Rand CEO, Vincent Volpe, makes third acquisition
expanding the product offering of its compressor and high-speed rotating equipment
business
• SSE will bring Systems and Controls capabilities to the existing FOX platform as well as
strong Field Services Operations in key international markets served by FOX
• Fox is backed by specialist energy PE firm Bluewater
• Vincent R Volpe, CEO of Fox said: “This acquisition represents the next step in our
planned development as it adds increased systems and control capabilities to Fox,
while also giving us a bigger footprint in international markets.”
__________________________________________________________________________
29/04/25: Fox Innovation & Technologies (FOX), a leading provider of advanced technologies
aftermarket services and solutions specialized in high-speed rotating equipment have today
announced the acquisition of Sirio Solutions Engineering (SSE).
Based in the Italian city of Prato, SSE has nearly 40 years of engineering history and client
service expertise. During this time, it has been successfully operating as a premier provider of
engineered turbomachinery control systems, field solutions and expert field technical services
for Industrial Process and Energy Infrastructure Applications.
Vincent R. Volpe, CEO of FOX, said: “This acquisition adds two critical dimensions to Fox. First,
SSE brings systems engineering and turbo machinery 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 an increasingly integrated
solution, thereby simplifying the interface on a given project.
“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.”
“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.
”
The acquisition has been led by Jesus Pacheco, a member of the Board of Directors of FOX
and long-time industry expert. Over the past months Jesus has built strong ties between some
of the key legacy FOX managers and the executives of SSE, led by Sergio Pazzi, the Company’s
founder and President of the Board. Sergio will continue to provide guidance and have direct
operating involvement as needed in the business.
Jesus Pacheco said: “we were impressed by SSE’s world-class technology, quality and
execution capabilities. Their demonstrated expertise providing value to original equipment
manufacturers, packagers and end-users by leveraging their deep knowledge of
turbomachinery, controls and auxiliaries perfectly complements FOX’s advanced
compressor technology, engineering and services capabilities. We welcome the SSE team to
FOX and look forward to helping our customers save energy and reduce their carbon
footprint, as we create value for them through a broader range of unmatched technologies,
services and field capabilities.”
Since its inception, Fox have been backed by specialist energy PE firm Bluewater who have
played an important role in supporting Fox’s growth strategy.
Tom Sikorski, Founding Partner at Bluewater, said: “We have made great progress at FOX in
the last several years building out our technology and engineered solutions and this is yet
another piece of the puzzle. We continue to be grateful to participate in this journey with
Vince and his team.”
The integration of SSE into the FOX platform will begin immediately, ensuring a swift
onboarding for SSE’s Management and a seamless transition for both companies’ employees
and clients of both in the high-speed rotating equipment space for critical energy
infrastructure benefiting straight away from an expanded and enhanced aftermarket services
offering.
The cost of the transaction is undisclosed.
ENDS
Media contacts
Andrew McLachlan, Media Zoo 079313 77162
Archit Chopra, Media Zoo 0751854 7953About Fox Innovation & Technologies (Fox)
Fox Innovation & Technologies (Fox) is a leading full-service provider of advanced
technological solutions designed to enhance operational efficiency of rotating equipment
with critical infrastructure applications. Delivering best-in-class offerings using proprietary
technology-enabled products and services, Fox serves a diverse range of industries with a
focus of CO2 reduction that will achieve the equivalent of removing 2 million cars off the road
within 10 years
About Sirio Solutions Engineering (SSE)
SSE was founded 40 years ago by Mr. Sergio Pazzi in Prato, part of the Tuscany region of Italy.
It is a recognized designer and manufacturer of highly engineered control systems for turbo
machinery, process reciprocating compressors and gas/steam turbines. It has long been a high
quality, reliable provider of both highly engineered control systems and technical field
services to some of the world’s largest and best-known original equipment manufacturers
(OEMs”) and to end-users alike. Their expertise in controls and digital technologies extends
to Supervisory Control & Data Acquisition (SCADA) systems, Emergency Shut Down (ESD)
systems as well as process optimization and cyber security solutions for industrial process and
energy infrastructure facilities.
Their recognized world-class technical field service organization provides installation,
commissioning and start-up services for “green-field” centrifugal compressor trains, controls
systems, auxiliaries and associated process equipment, reciprocating compressors, and
gas/steam turbine power generation trains. SSE also designs and supplies solutions, upgrades,
and revamps for “brown-field” installations in order to help customers minimize total
operating and maintenance costs by increasing reliability, availability, efficiency, and
operating range of their turbomachinery fleets, regardless of the original manufacturer the
equipment, and thereby reducing emissions. Their international service footprint includes
facilities in Iraq and Brazil.
About Bluewater
Bluewater is a specialist international private equity firm focused on the middle-market
energy sector. Their experienced investment and operating professionals drive value creation
as they manage $2.5billion of investment across a portfolio of 19 companies. Today,
Bluewater has a prime focus on projects or technologies that contribute to the energy
transition agenda and works to a diversified investment strategy based on the principles of
sustainability and close working partnerships with best-in-class management teams. ESG is a
key focal point for Bluewater, with the firm being a signatory to the UN Principles for
Responsible Investment.
