Maire has signed a binding settlement to amass your complete share capital of the Ballestra Group, one of many important world operators in licensing, design and engineering of processing vegetation, in addition to within the provide of proprietary applied sciences and gear for the chemical trade.
The operation
The settlement establishes an enterprise worth of 108.3 million euros. Based on Ballestra’s consolidated web money place as of 31 December 2024 – adjusted primarily based on the standards agreed within the contract and equal to 18.2 million – the acquisition worth is the same as roughly 126.5 million euros.
The remaining consideration, fully due at closing, will likely be decided on the premise of the up to date web monetary place and adjusted primarily based on the identical standards offered for within the contract. The acquisition will likely be financed by a mixture of obtainable money and credit score services prolonged to Nextchem.
The transaction will likely be accomplished within the first half of 2026, if the customary circumstances precedent are happy.
The acquired firm
Founded in 1960, with headquarters in Milan, Ballestra Spa heads a bunch of corporations that features Buss ChemTech AG (Switzerland) and Ballestra Engineering and Projects Pvt. Ltd (India). The Ballestra Group operates in over 120 international locations with roughly 450 workers and workplaces in Europe and Asia. relying on a consolidated buyer portfolio and confirmed expertise that boasts over 6,400 techniques put in all around the world. It additionally leverages robust mental property and R&D experience, persistently supported by proprietary pilot vegetation in Italy and Switzerland, which function innovation facilities to check and scale new technological processes. Ballestra’s consolidated order e-book of €275 million on the finish of September 2025 was additional strengthened within the fourth quarter and is predicted to exceed €315 million by the top of the 12 months. 2025 working revenues are estimated at roughly 235 million.
Ballestra has a protracted custom in detergents, surfactants 1 and oleochemistry 2, for the chemical trade and main corporations fast-moving shopper items by licensing, engineering companies and proprietary gear bought by the well-known Mazzoni model and assembled within the firm’s factories in Busto Arsizio (Varese). Furthermore, Ballestra’s chemical division makes a speciality of superior processes for the manufacturing of sulfuric and phosphoric acid, key elements within the manufacturing of phosphate options, Npk vitamins (nitrogen, phosphorus and potassium) and specialty fertilizers. The integration of Ballestra’s phosphate-sulfur and potassium fertilizer applied sciences expands Nextchem’s know-how portfolio and enhances its nitrogen fertilizer choices.
Buss ChemTech, Ballestra’s Swiss subsidiary taken over in 2021, is a world chief in fluorine derivatives and gas-liquid response vegetation. In explicit, amongst fluorine derivatives, hexafluorophosphate is a vital aspect for the manufacturing of photo voltaic cells, lithium ion batteries and particular gases for the modernization of electrical energy grids and the rising demand for electrification. The firm can be lively in pyrolysis applied sciences for hard-to-recycle plastic waste, supporting the round economic system and trade decarbonization efforts.
The acquisition of Ballestra Group brings a robust portfolio of proprietary applied sciences that additional expands Nextchem’s worth proposition within the chemical and fertilizer sectors, including new complementary merchandise to its portfolio, absolutely masking the potash, nitrogen, sulfur and phosphate segments and supporting electrification, recycling, emissions discount and power effectivity, whereas creating alternatives for cross-selling with Maire’s IE&CS division, because of the stable expertise of the Ballestra Group.
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