Syensqo sells its Oil & Gas division to SNF for €135 million, enabling strategic focus, continuity, and expanded chemical solutions.
Syensqo has officially announced its decision to sell its Oil & Gas Business Unit to SNF Group, a France-based specialty chemical company recognized globally as a leader in polyacrylamide production. The divestment agreement assigns an Enterprise Value of €135 million to the transaction. Based on Syensqo’s financials for the twelve months ending June 2025, this represents an EV/EBITDA multiple of around 7x.
Dr. Ilham Kadri, CEO of Syensqo, commented on the deal, emphasizing its strategic importance: “This divestment is a significant step in our journey as an independent company and aligns with our strategy of focusing on pure-play specialty segments. We are pleased to have reached an agreement that unlocks tangible value for our shareholders and enables us to concentrate more intensively on our core business areas. Partnering with the right strategic owner ensures not only continuity for our customers but also a positive outlook for our employees and the business itself.”
The Oil & Gas Business Unit being divested has established a strong global presence in the oilfield stimulation chemicals sector. In 2024, it recorded net sales of approximately €400 million, which represents roughly 6% of Syensqo’s total revenues, and it employs around 600 individuals. The division has built a reputation for delivering innovative solutions that enhance operational efficiency in oilfield processes, making it an attractive acquisition target for SNF.
Pascal Remy, CEO of SNF, elaborated on the rationale behind the acquisition, highlighting the strategic fit: “Acquiring Syensqo’s Oil & Gas division enables SNF to broaden its technological portfolio, providing customers with solutions that optimize processes and contribute to the conservation of natural resources. We are excited to welcome Syensqo’s talented employees, whose expertise in research and development and extensive market knowledge will strengthen our capabilities. Together, our shared commitment to safety, sustainability, and customer success makes this division a highly compatible addition to SNF.”
The completion of the transaction remains contingent on customary closing requirements, including regulatory approvals and the conclusion of local consultation processes with employee representatives. Syensqo and SNF anticipate that the divestment will be finalized in the first quarter of 2026. The strategic move is expected to benefit both companies: Syensqo can sharpen its focus on core specialty areas, while SNF expands its product and technological offerings in the oilfield chemicals sector.
Overall, the agreement underscores the ongoing trend of strategic portfolio realignments within the specialty chemicals industry. By divesting a non-core business and transferring it to a company with complementary capabilities, Syensqo aims to enhance shareholder value, streamline operations, and maintain business continuity for customers and employees alike.
