This strategic transaction expands Technip Energies’ portfolio by broadening its capabilities in advanced catalysts. It supports its disciplined growth strategy for the Technology, Products, & Services (TPS) business segment in established markets by increasing recurring revenues while accelerating opportunities in sustainable fuels, circular chemistry, and carbon capture – key drivers of long-term value creation and critical areas for the energy transition.
Following completion, the AM&C business will continue to operate under its existing leadership team, supported by dedicated R&D, manufacturing, and commercial teams across its three facilities in the US and Europe. 330 employees will join Technip Energies. The portfolio includes Advanced Silicas, a leading supplier of specialty silica-based materials and catalysts, as well as Zeolyst International, a joint venture with Shell Catalysts & Technologies focused on custom zeolite-based materials and catalysts for hydrocracking, sustainable fuels, and advanced recycling.
With over 40 years of experience, AM&C is expected to deliver immediate earnings and cash flow accretion, reinforcing Technip Energies’ financial profile and unlocking new value-creation opportunities.
Arnaud Pieton, CEO of Technip Energies, commented: “Closing this transaction is an important milestone in the evolution of Technip Energies. With AM&C, we are combining a differentiated catalysts and advanced materials platform with our process technologies and engineering expertise, creating an integrated offering that helps our customers to improve efficiency, reliability, and emissions performance across their assets. AM&C’s strong recurring revenue base, attractive margins, and long-standing customer relationships are fully aligned with our disciplined capital allocation strategy to drive long-term value creation and to grow the TPS segment. We are very happy to welcome AM&C teams and look forward to working together to deliver the next phase of growth for our customers and stakeholders.”
Kurt Bitting, CEO of Ecovyst, added: “As a leading provider of technologies that are highly-valued by the energy industry, we believe Technip Energies provides the scale and technology development expertise that will further enhance product development and market reach for the AM&C business. We want to thank our AM&C colleagues for their dedication and contributions over their tenure with Ecovyst, and we wish them continued success in the future as part of the Technip Energies organisation.”
Evercore acted as financial advisor, Gibson Dunn served as legal counsel and EY-Parthenon as accounting and tax advisor to Technip Energies in connection with this transaction.