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Lummus Acquires Water And Wastewater Treatment Technologies From Siemens Energy

May 23, 2023•over 2 years ago

Acquiring Company

Lummus Technology

Acquired Company

Wastewater

HoustonManagement ConsultingConsulting

Description

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced that it has reached an agreement with Siemens Energy to acquire assets from their water solutions portfolio including intellectual property and copyrights, trade secrets, and research and development properties. The technologies address water and wastewater needs of the oil and gas industry using carbon adsorption, biological treatment and hydrothermal processes.

Company Information

Company

Lummus Technology

Location

5825 N Sam Houston Pkwy W

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.

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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