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Lummus acquires NAPCON from Neste for digital growth

Jun 02, 2025•2 months ago

Acquiring Company

Lummus Technology

Acquired Company

NAPCON

HoustonPorvooConsultingInformation Technology

Description

Lummus Technology has successfully completed its acquisition of the NAPCON portfolio from Neste, enhancing its digital and AI capabilities. This acquisition includes NAPCON's intellectual property, assets, and key personnel. Lummus aims to integrate NAPCON solutions to improve operational performance and sustainability in industrial sectors.

Company Information

Company

Lummus Technology

Location

Houston, Texas, United States

About

Lummus Technology is the global leader in developing technology solutions that make modern life possible and focus on a more sustainable, low carbon future. We license process technologies in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide.

Company News

(10 articles)
Tue, 23 May 2023 07:00:00 GMT

Lummus Acquires Water and Wastewater Treatment Technologies from Siemens Energy - PR Newswire

Wed, 22 May 2024 07:00:00 GMT

Lummus and Sumitomo Chemical Announce Collaboration Agreements for Circular and Polyolefins TechnologiesAgreements strengthen position in circular economy and expand offering in polyolefins | Business & Products | SUMITOMO CHEMICAL - 住友化学株式会社

Wed, 12 Feb 2025 08:00:00 GMT

Lummus Announces First Commercial Award for SAP Technology - PR Newswire

Wed, 01 Jul 2020 07:00:00 GMT

Lummus Technology acquisition by Chatterjee Group and Rhone Capital completed - chemengonline.com

Thu, 19 Sep 2024 13:23:30 GMT

A joint venture formed by Sinopec and Técnicas Reunidas, awarded a large petrochemical unit in Kazakhstan - euro petrole

Thu, 10 Dec 2020 08:00:00 GMT

Lummus Technology, Chevron Lummus Global Announce Multiple-Technology Award in Southeast Asia - PR Newswire

Tue, 20 Aug 2024 07:00:00 GMT

Petronet LNG Selects Lummus' Novolen Technology for New, Large-Scale Plant in India - PR Newswire

Thu, 20 May 2021 07:00:00 GMT

Lummus Novolen Technology Selected as PP Licensor for Major Project in Egypt - PR Newswire

Fri, 04 Sep 2020 07:00:00 GMT

Lummus Novolen Technology Awarded Contract for Polypropylene License and Associated Services from Lukoil NNOS - PR Newswire

Tue, 31 Aug 2021 07:00:00 GMT

Lummus Announces Acceptance of Cumene and Phenol Plant in China - PR Newswire

FundzWatch™ Score

75
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed