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Announced

Completed

Lummus Technology completed the acquisition of NAPCON from Neste.

Synopsis

Lummus Technology, a technology licensor of proprietary gas processing, refining, and petrochemical and coal gasification technologies, completed the acquisition of NAPCON, a proprietary digital technology solutions provider, from Neste, an oil refining and marketing company. Financial terms were not disclosed. "This is a pivotal moment as we officially integrate the NAPCON digital solutions into our portfolio and welcome many new talented individuals to our team. The addition of these advanced, AI-driven solutions strengthen our leadership in the digital transformation of our industry. We are now better positioned to help customers improve operational safety, performance and sustainability through more comprehensive AI and data-driven technologies," Leon de Bruyn, Lummus Technology President and CEO.

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