Danish catalyst specialist Haldor Topsoe announced that it was going to acquire full ownership of German Ferrostaal Topsoe Projects GmbH. The acquisition adds project planning and development know-how to the company's portfolio of high-performance catalyst and proprietory technologies for the chemical and refining industries.
Lyngby/Denmark — Going forward, the complete offerings would entail licensing, catalysts, proprietary equipment, services, and project development, said Amy Hebert, Deputy CEO & EVP Chemicals, Haldor Topsoe A/S. According to a statement released by the acquiring firm, the acquisition will strengthen their existing business within ammonia, methanol, GTL and refinery, along with upcoming development projects. The German company provides project development support to customers from the very early stages of their projects. In addition, it has a strong network and access to financial institutions, helping customers finance and realize their projects.
The transaction was finalized on August 3, 2018, and full integration is expected to be complete by September 1, 2018. The future name will be ’Haldor Topsoe Germany GmbH’ and the location will be in Essen, Germany. The value of the transaction was not disclosed.