Technip Energys purchases Ecovyst’s Advanced Materials & Catalysts for $556 Million

Technip Energies, a French energy infrastructure firm, announced on Thursday that it had reached an agreement to purchase the Advanced Materials & Catalysts division of U.S. chemicals group Ecovyst for $556m. The shares rose over 4% at first trading.

The agreement will see the company, which specializes in technology for energy, acquire two entities, Advanced Silicas and Zeolyst International, as part of its complementary segment, Technology, Products and Services.

The acquisition broadens Technip’s portfolio of advanced catalysts, which are materials that speed up chemical reactions in industrial applications, such as hydrocracking, and improve their efficiency.

RBC Capital Markets analyst Victoria McCulloch stated that the acquisition aligns to management's M&A strategies in order to strengthen the firm’s TPS offerings, and secure a company that is immediately cash-flow and earnings-accretive. This feat can be challenging for the energy transition sector.

The deal should close in the first quarter 2026, subject to regulatory approvals. (Reporting and editing by Jamie Freed, Matt Scuffham, and Mateusz Rabiega from Gdansk)

(source: Reuters)