Milan-based MAIRE on March 4 announced that subsidiary NextChem (Sustainable Technology Solutions) has signed a binding agreement to acquire 100% of GasConTec Gmbh (GCT), Bad Homberg, Germany, a technology development and process engineering company.
The agreement provides for an overall consideration of €30 million, with closing expected in second-quarter 2024. MAIRE said that GCT, which was founded in 2017, owns more than 80 patents and has experience in the synthesis of low-carbon products such as hydrogen, ammonia, methanol, olefins, gasoline, and integrated methanol/ammonia processes.
“This acquisition, the second one so far this year, marks an important step to further strengthen NextChem’s portfolio with distinctive low-carbon technologies,” said MAIRE CEOAlessandro Bernini. “GCT’s know-how and process engineering competences will strongly support the development of innovative processes for the production of low-carbon chemicals and products, further strengthening MAIRE’s strategic positioning as industrial enabler of the energy transition.”
GasConTec’s portfolio includes the Autothermal Reforming (ATR), a technology to produce low-carbon hydrogen with high rates of carbon capture, as well as an industrial-scale demonstration plant in Germany.
NextChem on Feb. 24 announced that its subsidiary, NextChem Tech, signed a binding agreement to acquire 80% of HyDEP Srl and 100% of Dragoni Group Srl. Both are Italian-based engineering services companies in the mechanical and electrochemical sectors with a 20+ year track record in green hydrogen.
Mario and Matteo Dragoni, founders and current shareholders of both entities, will remain involved in the management of the companies, which will continue to operate independently in their respective markets. The purchase price for the two stakes is approximately €3.6 million. Closing is expected in second-quarter 2024.