- Technip Energies acquires Ecovyst's Advanced Materials & Catalysts for $556 million.
- The deal represents an EBITDA multiple of ~9.8.
- The transaction is expected to close by Q1 2026.
- Advanced Materials & Catalysts includes Advanced Silicas and Zeolyst International.
Acquisition Overview
Technip Energies has entered into a definitive agreement to acquire Ecovyst's Advanced Materials & Catalysts business for $556 million, reflecting an EBITDA multiple of approximately 9.8. This acquisition is set to enhance Technip Energies' catalyst capabilities and technology offerings.
Strategic Benefits
The acquisition will expand Technip Energies' portfolio in advanced catalysts and process technologies, increasing recurring revenues for its Technology, Products & Services segment. It is expected to be immediately accretive to earnings and cash flow.
Business Details
Advanced Materials & Catalysts includes Advanced Silicas, a supplier of specialty silica-based materials, and Zeolyst International, a joint venture with Shell Catalysts & Technologies. The business has a total revenue of $223 million and an EBITDA margin of ~25% for 2024.
Timeline and Future Prospects
The transaction is anticipated to close by the first quarter of 2026, pending regulatory approvals. The acquisition will enhance Technip Energies' development of integrated technology and catalyst solutions in areas like circular chemistry, carbon capture, and sustainable fuels.
