The transaction adds strong project development competencies to Topsoe’s market-leading portfolio of high-performance catalyst and proprietary technologies for the chemical and refining industries.
“By 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,” says Amy Hebert, Deputy CEO & EVP Chemicals, Haldor Topsoe A/S.
Acquisitions support Topsoe’s growth strategy. The acquisition of Ferrostaal Topsoe Projects GmbH will strengthen Topsoe’s existing business within ammonia, methanol, GTL and refinery, along with upcoming development projects.
“We look forward to welcoming our new colleagues in Germany. They are experienced 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 realize their projects,” says Amy Hebert.
The transaction was finalized on August 3, 2018, and full integration is expected to be complete by September 1, 2018. FTP will be rebranded as ’Topsoe Project Development’ and the location will be in Essen, Germany.
The transaction price is not disclosed.