Haldor Topsoe acquires full ownership of Ferrostaal Topsoe Projects GmbH

“Adding the competency of project planning and development to our strong technology portfolio we can offer even better service to our customers. Going forward our complete offerings entail licensing, basic engineering, catalysts, proprietary equipment, services, and project development,” said Amy Hebert, Deputy CEO & EVP Chemicals, Haldor Topsoe.

The acquisition of Ferrostaal Topsoe Projects GmbH (FTP) bolsters Topsoe’s existing business within ammonia, methanol, GTL and refineries, along with upcoming development projects.

“We look forward to welcoming our new colleagues in Germany. They are true experts, who offer proficient project development support to our customers from the very early stages of their projects. In addition, they have financial experience and bring with them a strong network and access to financial institutions, helping our customers finance and realise their projects,” added Hebert.

The transaction was finalised on 3 August 2018, and full integration is expected to be complete by 1 September 2018. FTP will be rebranded as ’Topsoe Project Development’ and located in Essen, Germany.

The transaction price is not disclosed. Topsoe has said that the transaction will have no impact on its financial outlook for 2018.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/16082018/haldor-topsoe-acquires-full-ownership-of-ferrostaal-topsoe-projects-gmbh/