(Finance) – NEXTCHEM (Sustainable Technology Solutions) has completed the acquisition of 100% of GasConTec GmbH (GCT), an innovative company specialized in technological development and process engineering. Founded in 2017, GCT is headquartered in Bad Homburg, Germany.
He announces it MAIRE, with a note, underlining that GCT owns over 80 patents and significant know-how in the synthesis of low carbon footprint products such as hydrogen, methanol, olefins, gasoline and methanol-ammonia integrated processes. In particular, the company’s portfolio includes Autothermal Reforming (ATR), a proven technology to produce low-carbon hydrogen with very high CO2 capture rates.
This process, we read in the note, allows us to produce hydrogen with high yields, while reducing external energy needs, ensuring efficiency and convenience especially in large-scale systems. Also known for its expertise in process engineering, the company has an industrial-scale demonstration plant for high-pressure partial oxidation in Germany that represents a global benchmark for the sector.
GCT’s distinctive solutions will help significantly enrich NEXTCHEM’s commercial offering in low-carbon, green and circular technologies.
The agreement provides for a total consideration of 30 million euros, including: 15 million euros to be paid within 2 years upon achievement of specific objectives, of which 5 million euros paid today; earn-out of up to €15 million, based on the signing and performance of certain licensing agreements relating to GCT technologies within 7 years.
Alessandro Bernini, CEO of MAIREcommented: “This acquisition marks a important step in the path aimed at strengthening and expanding NEXTCHEM’s exclusive technological portfolio. GasConTec contributes with distinctive solutions capable of effectively meeting the current and future decarbonization needs of our customers, in line with MAIRE’s positioning as industrial enabler of the energy transition“.