Acquisition from Air Liquide Global E&C Solutions Germany will strengthen Technip’s portfolio.
Willkie client Technip announced it has entered into an agreement with Air Liquide Global E&C Solutions Germany to purchase all of its Zimmer polymer technology business. Technip, a world leader in project management, engineering and construction for the energy industry, will use the acquisition to diversify and strengthen its portfolio of downstream technologies in its onshore segment.
Frankfurt-based Air Liquide includes technologies for the processing of polyesters and polyamides, research and development facilities, and a team of approximately 40 skilled engineers, researchers and project teams. The transaction is expected to close by year-end, subject to regulatory approvals.
The cross-border multidisciplinary Willkie team was led by Paris corporate partner Eduardo Fernandez and comprised, in Paris, European Counsel Jeffrey Fouts and associate Laure Pistre (corporate) and partner David Tayar (antitrust); and in Frankfurt, partner Mario Schmidt, Dr. Maximilian Schwab, Christina Mann, Andreas Sandberger, Stephanie Schmidt-Ehemann and Martin Waskowski (corporate); national partner Bettina Bokeloh (tax); national partner Christian Rolf and Jochen Riechwald (employment); and national partner Rolf Huenermann (compliance).