Technip announces plans to acquire Zimmer Polymer Technologies

Technip, a provider of project management, engineering and construction solutions for the energy industry, has entered into an agreement with Air Liquide Global E&C Solutions Germany to purchase all of its Zimmer polymer technology business. Based in Frankfurt, Germany, the business includes technologies for the processing of polyesters and polyamides, research and development facilities, and a team of around 40 skilled engineers, researchers and project teams. Polyester and polyamides are a class of polymers used in applications such as engineering plastics and textiles, packaging (such as bottles) and fabrics.
 
The new polymers business will diversify and strengthen Technip’s portfolio of downstream technologies in its onshore segment by enhancing group’s position as a technology provider to the petrochemicals industries.
 
Technip plans to integrate the new polymers technology business through Technip Stone & Webster Process Technology, the onshore global business unit formed in 2012 to manage the company’s expanding portfolio of downstream process technologies.
 
Stan Knez, senior vice president, Technip Stone & Webster Process Technology, commented, “The state-of-the-art Zimmer polymer technology portfolio and the team’s 60 years of experience in the industry will reinforce our focus on technology as a way to differentiate us from our competitors. We look forward to welcoming this talented group to the Technip team.”
 
Technip has a strong track record in major project execution and is uniquely positioned to provide services for our clients ranging from conceptual studies, process design packages (PDPs), front end engineering design (FEEDs), and detailed engineering through procurement and construction.
 
The transaction is expected to close by year-end, subject to customary approval.