Technip Energies (PARIS:TE) announces that it has entered into a definitive agreement to acquire the Advanced Materials & Catalysts business from Ecovyst Inc. (NYSE: ECVT), a global leader in specialty catalysts and advanced materials, for a purchase price of US$556 million, representing an EBITDA1 multiple of ~9.8. This transaction: Expands Technip Energies’ catalyst capabilities and technology offeringIncreases recurring revenues for Technology, Products & Services (TPS) segmentIs immediately accretive t ...