(BFM Stock Exchange) – The technology and engineering company announced this Thursday, September 11, an important acquisition aimed at strengthening its capacities in the field of catalysts. An operation that pushes the Technip Energies title to a historic peak.

After filling up with contracts in recent months, Technip Energies has passed up a gear. The company specializing in technology and engineering announced this Thursday, September 11, having signed a final agreement with a view to acquiring the activity “Advanced Materials & Catalysts” from the American Ecovyst, world leader in specialty catalysts and advanced materials.

This company has three production sites in the United States and Europe and has achieved turnover of 223 million euros for an operating margin (EBITDA) of around 25% in 2024.

The price of acquiring the Advanced Materials & Catalyst activity is $ 556 million (474.55 million euros), and represents a multiple of Ebitda of around 9.8 times.

Qualified as a strategic by the company, this operation aims to expand its capacities in catalysts and process technologies. “The catalysts, materials that accelerate chemical reactions and improve the effectiveness of processes, are at the heart of many industrial technologies, with applications in traditional markets such as polyethylene or hydrocraching, as well as in growing markets such as durable fuel production,” details the company.

Technip Energies also indicates that this acquisition will allow it to have additional capacities in the value chain of catalysts based on silices and zeolites. The company will also strengthen its presence on growing markets such as sustainable aviation fuels (SAF), biocatalysis and advanced recycling.

An “rereading” operation

From an accounting point of view, Technip Energies believes that this operation will improve its financial profile, and will be “rereading” in terms of result and cash flow. It will help improve the quality of income and generate “clear synergies opportunities”.

Technip Energies therefore takes an important step in its young history with this acquisition, which should be finalized by the first quarter of 2026. This initiative marks its first significant operation in external growth since the spin-off (Scrission, editor’s note), recalls Oddo BHF, since February 2021.

“The group did not hide its ambitions to carry out an external growth operation in order to strengthen its product offer,” abounds the design office.

On the Paris Stock Exchange, this initiative is praised by investors who push the title to its highest historical. The Technip Energies action earns more than 5% around 3 p.m., at 42.52 euros, and has won 65% since the start of the year.

Despite this clear appreciation of the title, Oddo BHF believes that he still has it under the hood and remains “convinced that he continues to offer appreciation potential”. What to consolidate him in his opinion in Surperformance and his lens of courses of 44 euros.

“In the medium term (and in a dynamic perspective), in the context of orders of around 10 billion euros per year, the group could display an annual turnover of 10 billion euros and by extension an EBITDA of the order of 970 million euros”, also argues the design office.