September 12, 2025 [Storage Terminals Magazine]- Technip Energies has announced a definitive agreement to acquire the Advanced Materials & Catalysts business from Ecovyst Inc. for US$556 million, representing an EBITDA multiple of approximately 9.8 times. The transaction expands the company’s catalyst capabilities and increases recurring revenues for its Technology, Products & Services segment.
The acquisition strengthens Technip Energies’ portfolio in advanced catalysts and process technologies, supporting applications in traditional markets like polyethylene and hydrocracking, as well as growth areas including sustainable fuels production. The deal increases TPS’ contribution to Segment EBITDA from 39 percent to approximately 45 percent on a pro-forma 2024 basis.
The transaction includes two key components:
Advanced Silicas: A manufacturer and supplier of specialty silica-based advanced materials and catalysts for plastics, chemicals, and industrial applications.
Zeolyst International: A 50:50 joint venture with Shell Catalysts & Technologies, supplying custom zeolite-based materials and catalysts for hydrocracking, sustainable fuels, and plastics recycling applications.
The combined business generated US$223 million in revenue with approximately 25 percent EBITDA margin in 2024, operates three manufacturing facilities in the US and Europe, and employs 330 people.
The acquisition delivers five strategic advantages:
Arnaud Pieton, CEO of Technip Energies, described the acquisition as aligned with the company’s disciplined capital allocation strategy, bringing differentiated catalyst technologies that enhance the ability to deliver high-performance solutions to clients.
Kurt Bitting, CEO of Ecovyst, characterised Technip Energies as the ideal long-term partner to unlock the business’s innovation potential while ensuring continuity for customers and employees.
Paul Whittleston, President of Advanced Materials & Catalysts, highlighted the transaction as opening new opportunities to scale technologies, accelerate innovation, and deliver greater client value.
The deal is expected to close by the first quarter of 2026, pending regulatory approvals and standard closing conditions. Evercore served as financial advisor, Gibson Dunn as legal counsel, and EY-Parthenon as financial and tax advisor to Technip Energies.
