Since 2010 FEMA has been part of the VRV Group, a multinational group of companies headquartered in Italy. VRV companies design and manufacture pressure equipment for the power, chemical, petrolchemical and cryogenic industries. VRV is organised into two divisions: the Energy and Petrolchemical Division and the Cryogenic Division.
Besides FEMA, the other manufacturing companies of the VRV Group are Cryo Diffusion S.A. a leading international manufacturer and supplier of vacuum superinsulated equipment for freezing, long-term storage and distribution of biological materials. VRV India Cryogenic Equipment Pvt. Ltd., founded in 2008 and based near Chennai, designs and manufactures cryogenic equipment and pressure vessels to complement production.