M&A Deal Summary

Lummus Technology Acquires Napcon

On April 23, 2025, Lummus Technology acquired software company Napcon from Neste Chemicals Oy

Acquisition Highlights
  • This is Lummus Technology’s 1st transaction in the Software sector.
  • This is Lummus Technology’s 1st transaction in the United States.
  • This is Lummus Technology’s 1st transaction in Texas.

M&A Deal Summary

Date 2025-04-23
Target Napcon
Sector Software
Buyer(s) Lummus Technology
Sellers(s) Neste Chemicals Oy
Deal Type Divestiture

Target

Napcon

Houston, Texas, United States
Napcon specializes in process automation, production optimization, and operator training for industries such as petrochemicals, energy, and manufacturing. Napcon is based in Houston, Texas.

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Buyer(S) 1

Buyer

Lummus Technology

Houston, Texas, United States

Category Company
Founded 1907
Sector Energy Services and Equipment
DESCRIPTION

Lummus Technology develops and implements process technologies. The Company licenses petrochemical, refining, gasification and gas processing technologies, and supplies catalysts, proprietary equipment and related services to customers worldwide. Lummus Technology was founded in 1907 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Neste Chemicals Oy

Espoo, Finland

Category Company
Sector Chemicals
DESCRIPTION

Neste Chemicals' businesses include adhesive resins, unsaturated polyesters and gelcoats, oxo intermediates, paper chemicals, and chemicals trading. The Neste Chemicals Group has approximately 40 production facilities in 18 countries in Europe, North America, and Asia. Its network of sales offices covers the most important market areas globally. In 1998, net sales were FIM 5.4 billion, operating profit was FIM 111 million, and the number of personnel was 2.500.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Agri Trading

Hutchinson, Minnesota, United States

Agri Trading is an independent renewable animal fat waste, used cooking oil, technical corn oil, and other vegetable oils throughout the lower 48 States, Canada, Mexico, and Europe. Agri Trading was founded in 1977 and is based in Hutchinson, Minnesota.

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