Technip 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 polyamides1, research and development facilities, and a team of around 40 skilled engineers, researchers and project teams.
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 • Reinforcing relationships with clients and partners worldwide, backed by the Zimmer recognized expertise • Diversifying the Onshore segment, adding revenue based on technology supply • Adding skilled resources, notably in technology development in Europe
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.