Hamed Khorsand

Aleksey Yefremov

David Begleiter

John McNulty

Patrick Cunningham

Laurent Alexander

Caleb Boehnlein

Daniel Rizzo

David Silver

Kevin Estok

Laurence Alexander

Ryan Weis

- Ecovyst Inc. entered into a **Stock Purchase Agreement** with Technip Energies N.V. on **September 10, 2025**, to **divest its Advanced Materials & Catalysts business**.  **[1708035_0001193125-25-201371_d897813d8k.htm:1]** **[1708035_0001193125-25-201371_d897813dex21.htm:1]** **[1708035_0001193125-25-201371_d897813dex21.htm:3]** 
- The **purchase price** for the divestiture is **$556 million in cash**, subject to certain adjustments.  **[1708035_0001193125-25-201371_d897813d8k.htm:1]** 
- The transaction is **expected to be completed in the first quarter of 2026**.  **[1708035_0001193125-25-201371_d897813d8k.htm:1]** 
- The divested business involves the research, development, production, marketing, and sale of various silicas, gels, and catalysts, and is part of Ecovyst's advanced materials and catalysts reporting segment.  **[1708035_0001193125-25-201371_d897813dex21.htm:5]**

Ecovyst Inc. to Divest Advanced Materials & Catalysts Business

- Technip Energies announced the acquisition of Ecovyst's Advanced Materials and Catalysts (AM and C) business for **USD 556 million**.  **[1708035_2138780_0]** **[1708035_2138780_3]** 
- In **2024**, AM and C generated **$223 million** in revenues and **$57 million** in adjusted EBITDA, representing an EBITDA margin of **more than 25%**.  **[1708035_2138780_1]** **[1708035_2138780_2]** 
- The acquisition is expected to be immediately accretive to Technip Energies' financial profile, with AM and C's EBITDA margin being accretive to both the group and the TPS segment.  **[1708035_2138780_0]** **[1708035_2138780_2]**  Approximately **70% of AM and C's revenues are recurring**, tied to customer operating expenditures.  **[1708035_2138780_1]** 
- The deal is anticipated to add approximately **10% to Technip Energies' TPS segment revenues** and **21% to segment EBITDA**, increasing the TPS segment's pro forma EBITDA margin by around **120 basis points to more than 14%**.  **[1708035_2138780_3]** 
- The transaction is expected to close by **2026**, pending customary regulatory approvals.  **[1708035_2138780_3]**

Technip Energies to Acquire Ecovyst's Advanced Materials and Catalysts Business

- Ecovyst Inc. has entered into a definitive agreement to sell its **Advanced Materials & Catalysts segment** to Technip Energies for **$556 million**.  **[1708035_20250911PH71064:0]** 
- The transaction represents a **9.8x EBITDA multiple** on the segment's Adjusted EBITDA of **$64.7 million** for the year ended December 31, 2024, adjusted for standalone operating costs and employee stock compensation.  **[1708035_20250911PH71064:0]** **[1708035_20250911PH71064:3]** 
- The closing of the transaction is anticipated in the **first quarter of 2026**, pending regulatory approvals.  **[1708035_20250911PH71064:0]** 
- Ecovyst expects approximately **$530 million** in net proceeds after taxes and transaction-related expenses, which will be used for partial repayment of its Term Loan, resulting in a projected Net Debt Leverage Ratio of below **1.5x**.  **[1708035_20250911PH71064:0]** 
- The company also has approximately **$200 million** remaining under its existing share repurchase authorization.  **[1708035_20250911PH71064:0]**

Ecovyst Agrees to Sell Advanced Materials & Catalysts Segment

Ecovyst (ECVT)