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The present company, Foster Wheeler, was formed in 1927 from a merger of the Power Speciality Company (which replaced Water Works Supply Company, created by the Foster family in 1884) and the Wheeler Condenser & Engineering Company, whose roots go back to 1891. The corporate headquarters were originally in New York City but later moved to Switzerland.
The company comprises two business groups:
The Global Engineering and Construction (E&C) Group
and The Global Power Group
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