Fox expands international reach with acquisition

FOX Innovation & Technologies, backed by Bluewater and led by former Dresser-Rand CEO Vincent Volpe, has acquired Sirio Solutions Engineering (SSE), marking its third major acquisition. (Image: SSE)

Fox Innovation & Technologies has acquired Italian turbomachinery specialist Sirio Solutions Engineering (SSE), strengthening its position in the global high-speed rotating equipment market and adding sophisticated control systems capabilities to its expanding platform.

The acquisition is Fox’s third since its inception and aligns with the company’s strategy of building a full-service offering for industrial process and energy infrastructure applications. SSE, based in Prato, Italy, brings nearly 40 years of experience in engineering control systems for turbomachinery and providing field services to major OEMs and end-users.

“This acquisition adds two critical dimensions to Fox,” said Vincent R. Volpe, CEO of Fox and former chief executive of Dresser-Rand. “SSE enhances our systems engineering and turbomachinery controls capabilities, and it significantly expands our international field service operations.”

Backed by specialist energy private equity firm Bluewater, Fox has been steadily expanding through strategic acquisitions. It recently launched its “Revamp” business aimed at overhauling turbocompressors, and previously acquired U.S.-based S.T. Cotter Turbines and Axis Mechanical Group through the Cotter Group.

SSE’s extensive field services footprint in Europe, the Middle East, North Africa, South America and Eurasia will complement Fox’s existing service base in the United States. SSE also maintains international facilities, including in Iraq and Brazil.

SSE’s founder and board president, Sergio Pazzi, will continue to play an active role in guiding the integration and business operations. The acquisition was led by Jesus Pacheco, a Fox board member and longtime industry veteran, who worked closely with executives from both companies to ensure a smooth transition.

“We were impressed by SSE’s world-class technology, quality and execution capabilities,” said Pacheco. “Their deep knowledge of turbomachinery controls and auxiliaries perfectly complements Fox’s compressor technology and services.”

Founded by Volpe and backed by Bluewater, Fox delivers technology-enabled solutions focused on emissions reduction and efficiency in rotating equipment. The company aims to help industrial clients reduce their carbon footprint, targeting the equivalent of removing 2 million cars from the road over the next decade.

Tom Sikorski, founding partner at Bluewater, said the SSE acquisition fits squarely into the growth plan developed with Fox’s leadership team. “We continue to be grateful to participate in this journey with Vince and his team,” he said.

SSE’s offerings include SCADA systems, emergency shutdown systems, process optimization, and cybersecurity solutions. The company is known for its ability to upgrade brownfield installations and increase the reliability and efficiency of existing equipment fleets—regardless of original equipment manufacturer.

Terms of the transaction were not disclosed.