Chemicals company Umicore 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 (around €120 million) plus an earn-out.

Haldor Topsoe is a producer of catalysts for a range of industries. Its automotive catalysts are used in emission systems for on-road and non-road heavy-duty diesel applications while its stationary business offers catalytic solutions to treat NOx emissions from industrial sources such as gas-fired power plants as well as marine applications. The businesses currently employ around 280 people in Denmark, the USA, China and Brazil. 

Umicore says that this acquisition will allow it to 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 IP and technology in the field of emission control catalysis. It also provides Umicore with an entry into the stationary emission control segment. It is anticipated that the acquisition will be earnings accretive from 2018.

This story is reprinted from material from Umicore, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.