(Changes Technip Energies description to "energy infrastructure company" from "oil infrastructure firm") (Reuters) - French energy infrastructure company Technip Energies said on Thursday it had
Technip Energies Acquires Ecovyst's Advanced Materials for $556 Million
Technip Energies Expands Its Business Portfolio
(Changes Technip Energies description to "energy infrastructure company" from "oil infrastructure firm")
Details of the Acquisition
(Reuters) - French energy infrastructure company Technip Energies said on Thursday it had agreed to buy U.S.-based chemicals group Ecovyst's Advanced Materials & Catalysts business for $556 million.
Impact on Technip's Financials
Under the agreement the French company will acquire two entities, Advanced Silicas and Zeolyst International, which comprise the AM&C business.
Expected Timeline for Completion
The transaction broadens Technip's portfolio of advanced catalysts, which are materials used to speed up chemical reactions and improve efficiency in industrial uses, such as hydrocracking and production of sustainable fuels.
The group said that the acquisition will immediately increase its earnings and cash flow, providing a boost to revenues in its Technology, Product & Services segment.
The deal is expected to close by the first quarter of 2026, pending regulatory approvals.
(Reporting by Mateusz Rabiega in Gdansk; Editing by Jamie Freed and Matt Scuffham)
