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Umicore to acquire Haldor Topsoe’s heavy-duty diesel and stationary catalyst business

20 June 2017

Umicore announced today that is has reached an agreement to acquire the heavy-duty diesel and stationary catalyst businesses of Haldor Topsoe for an enterprise value of DKK 900 million (~EUR 120 million) plus an earn-out.

Haldor Topsoe is a leading producer of high performance catalysts for the chemical, oil & gas and other industries. Its automotive catalysts—including SCR catalysts—are used in emission systems for onroad and nonroad heavy-duty diesel applications. Its stationary business supplies catalysts to treat NOx emissions from industrial sources such as gas-fired power plants and marine applications. The businesses currently employ some 280 people, serve customers from production plants in Frederikssund (Denmark), Houston (Texas), Tianjin (China) and Joinville (Brazil), and has R&D facilities in Lyngby (Denmark).

Through this acquisition Umicore will gain access to an extended customer base, particularly in Europe and China, a broader product portfolio for heavy-duty diesel applications, as well as additional technology in the field of emission control catalysis. It also provides Umicore with an entry into the stationary emission control segment.

The transaction is subject to customary closing conditions, including regulatory filings, and is expected to be finalized around year-end.

Source: Umicore