Technip announces plans to acquire Zimmer Polymer Technologies from Air Liquide Global E&C_by chemwinfo

15 December 2014

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DETAILS

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.

Stan Knez,

Senior Vice President,

Technip Stone & Webster Process Technology,

"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,

* PDPs2, FEEDs3, and

* detailed engineering

* through procurement and construction.

The transaction is expected to close

by year-end, subject to customary approval.

1 Polyester and polyamides are
   a class of polymers used in
   applications such as
   engineering plastics and textiles,
   packaging (such as bottles) and fabrics.

2 Process Design Packages

3 Front End Engineering Design

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