Maire Tecnimont Aquires Majority Stake of Conser

Maire Tecnimont S.p.A. announces that, through its subsidiary NextChem Holding S.p.A., it has finalized the acquisition of an 83.5% stake of Conser.

April 13, 2023. By News Bureau

Maire Tecnimont S.p.A. announces that, through its subsidiary NextChem Holding S.p.A., it has finalized the acquisition of an 83.5% stake of Conser, as already announced on January 23, 2023.

The purchase price is approximately €35.8 million, of which €28.4 million paid upfront and €7.4 million deferred and subject to certain conditions.

The agreement provides also an earn-out clause based on the achievement of specific operating results relating to FY 2023 and 2024 as well as put and call options on the remaining 16.5% stake exercisable within the next three years.

With this acquisition, MAIRE strengthens its leadership in the energy transition and circular economy field, adding innovative and sustainable technologies for biodegradable plastics intermediates and high value-added specialty chemicals to its portfolio. These technologies may be exploited in new markets thanks to MAIRE’s global commercial network and integrated project execution capability.

Further growth opportunities may come from the development of a fully biodegradable or bio-based polymer, in line with the decarbonization strategy undertaken by the Group.

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Maire Tecnimont Group