Technip Energies acquires Ecovyst’s Advanced Materials & Catalysts business for $556M, enhancing catalyst technologies, recurring revenues, and sustainable innovation opportunities.
Technip Energies has announced the signing of a definitive agreement to acquire the Advanced Materials & Catalysts division of Ecovyst Inc. for US$556 million. The deal, valued at an EBITDA multiple of approximately 9.8, represents a major step in strengthening Technip Energies’ technology and catalyst capabilities while aligning with its long-term growth strategy.
The acquisition is expected to expand Technip Energies’ portfolio in advanced catalysts and process technologies, enhancing recurring revenues within its Technology, Products & Services (TPS) segment. According to the company, the deal will be immediately accretive to both earnings and cash flow, improving long-term revenue visibility. On a pro-forma basis for 2024, the acquisition will increase TPS’ contribution to segment EBITDA from 39% to about 45%.
The Advanced Materials & Catalysts business encompasses two key components. First, Advanced Silicas, which develops and supplies specialized silica-based materials and catalysts widely used across plastics, chemicals, and industrial markets. Second, Zeolyst International, a 50:50 joint venture with Shell Catalysts & Technologies, which focuses on zeolite-based catalysts applied in hydrocracking, sustainable fuels, and plastics recycling. Together, these entities generated revenues of US$223 million in 2024, with an EBITDA margin of around 25%. The business operates three manufacturing facilities in the U.S. and Europe and employs 330 people.
Strategically, the acquisition aligns with Technip Energies’ focus on circular chemistry, carbon capture, and sustainable fuels. Catalysts are critical to many industrial processes, from traditional applications like polyethylene and hydrocracking to emerging areas such as Sustainable Aviation Fuel (SAF) and advanced recycling. By integrating these capabilities, Technip Energies aims to create a scalable platform in catalysts, strengthen R&D expertise, and deliver integrated solutions across the full lifecycle of assets for improved efficiency, reliability, and reduced emissions.
The deal is expected to close in the first quarter of 2026, subject to regulatory approvals.
Commenting on the announcement, Arnaud Pieton, CEO of Technip Energies, highlighted that the acquisition will provide differentiated catalyst technologies, boost innovation capacity, and expand the company’s market opportunities. He emphasized that the deal fits within Technip Energies’ disciplined capital allocation strategy and represents a major step in building a stronger, technology-driven business.
From Ecovyst’s perspective, CEO Kurt Bitting expressed confidence that Technip Energies is the ideal long-term partner to further advance innovation while ensuring continuity for customers and employees. Similarly, Paul Whittleston, President of Advanced Materials & Catalysts, noted that joining Technip Energies will unlock new opportunities for scaling technologies, accelerating innovation, and creating greater client value.
Advisors on the deal included Evercore as financial advisor, Gibson Dunn as legal counsel, and EY-Parthenon for financial and tax advisory services.
