Technip Energies Expands Engineering Capabilities with Strategic Italian Acquisitions

Deal News | Oct 30, 2024 | Globenewswire

Technip Energies, a leading engineering and technology company focused on energy transition, has announced the acquisition of engineering assets from GST srl and Energeco srl, two specialized process engineering firms based in Rome, Italy. GST and Energeco, which have a combined workforce of around 70 employees, specialize in process engineering and piping design. This acquisition aligns with Technip Energies' strategic goal of enhancing its process engineering capabilities to support upstream engagement activities and initiatives in the energy transition. The acquisition stems from a longstanding subcontracting relationship with the two companies. Loic Chapuis, Technip Energies’ Director of Operations, expressed enthusiasm for the integration of GST and Energeco's expertise to strengthen project delivery in the technology, products, and services segment. The founder of GST and Energeco, Edoardo Selloni, highlighted the continuity and development opportunities for their engineers under Technip Energies. As Technip Energies expands its footprint in the burgeoning markets of sustainable chemistry and hydrogen, this acquisition further solidifies its leadership in the LNG, hydrogen, and ethylene sectors. Technip Energies is listed on Euronext Paris and features a sponsored ADR program for global reach. The announcement emphasizes forward-looking statements reflecting the company's operational expectations, underscoring inherent risks and uncertainties.

Sectors

Engineering and Technology
Energy Transition

Geography

Italy – The companies GST srl and Energeco srl are based in Rome, Italy, where the acquisition takes place.
France – Technip Energies is headquartered in Paris and listed on Euronext Paris, underscoring its French origins and regulatory context.

Industry

Engineering and Technology – The acquisition involves engineering and technology companies, specifically those specializing in process engineering and piping design.
Energy Transition – Technip Energies is focused on the energy transition, and the acquisition aligns with its strategy to support initiatives in hydrogen, LNG, and sustainable chemistry.

Financials

Not disclosed – The transaction details, including the acquisition cost, have not been disclosed.

Participants

Name	Role	Type	Description
Technip Energies	Acquirer	Company	A leading engineering and technology company focused on the energy transition, with leadership in LNG, hydrogen, and ethylene.
GST srl	Target Company	Company	An engineering firm based in Rome, specializing in process engineering and piping design.
Energeco srl	Target Company	Company	An engineering firm based in Rome, specializing in process engineering and piping design.
Edoardo Selloni	Founder of GST and Energeco	Person	Founder of GST and Energeco, who expressed confidence in Technip Energies' ability to advance their engineers' skills.