Lummus Expands Digital Solutions with NAPCON Acquisition and Strategic Partnership with Neste
Lummus Technology has announced the acquisition of NAPCON, Neste's digital technology solutions provider, along with a strategic partnership with Neste. The deal includes NAPCON's intellectual property, key assets, and personnel transfer.
NAPCON specializes in AI-driven solutions, advanced process controls, automation, and simulation software for refining and petrochemical operations. The acquisition will enhance Lummus' digital capabilities and operational efficiency for customers.
The agreement involves multiple partners including Lummus Digital and Ferroman Engineering Oy. Lummus will integrate NAPCON into its portfolio and provide digital services to Neste and global customers. The acquisition is scheduled to complete by June 2025.
Lummus Technology ha annunciato l'acquisizione di NAPCON, il fornitore di soluzioni tecnologiche digitali di Neste, insieme a una partnership strategica con Neste. L'accordo comprende la proprietà intellettuale di NAPCON, asset chiave e il trasferimento del personale.
NAPCON è specializzata in soluzioni basate sull'intelligenza artificiale, controlli di processo avanzati, automazione e software di simulazione per operazioni di raffinazione e petrolchimiche. L'acquisizione potenzierà le capacità digitali e l'efficienza operativa di Lummus a beneficio dei clienti.
L'accordo coinvolge diversi partner, tra cui Lummus Digital e Ferroman Engineering Oy. Lummus integrerà NAPCON nel proprio portafoglio e fornirà servizi digitali a Neste e ai clienti globali. L'acquisizione è prevista per il completamento entro giugno 2025.
Lummus Technology ha anunciado la adquisición de NAPCON, el proveedor de soluciones tecnológicas digitales de Neste, junto con una alianza estratégica con Neste. El acuerdo incluye la propiedad intelectual de NAPCON, activos clave y la transferencia de personal.
NAPCON se especializa en soluciones impulsadas por inteligencia artificial, controles avanzados de procesos, automatización y software de simulación para operaciones de refinación y petroquímica. La adquisición mejorará las capacidades digitales y la eficiencia operativa de Lummus para sus clientes.
El acuerdo involucra a varios socios, incluyendo Lummus Digital y Ferroman Engineering Oy. Lummus integrará a NAPCON en su portafolio y proporcionará servicios digitales a Neste y clientes globales. La adquisición está programada para completarse en junio de 2025.
Lummus Technology가 Neste의 디지털 기술 솔루션 제공업체인 NAPCON을 인수하고 Neste와 전략적 파트너십을 체결했다고 발표했습니다. 이번 거래에는 NAPCON의 지적 재산권, 주요 자산 및 인력 이전이 포함됩니다.
NAPCON은 정유 및 석유화학 공정을 위한 AI 기반 솔루션, 고급 공정 제어, 자동화 및 시뮬레이션 소프트웨어를 전문으로 합니다. 이번 인수로 Lummus의 디지털 역량과 고객을 위한 운영 효율성이 강화될 것입니다.
이번 계약에는 Lummus Digital과 Ferroman Engineering Oy를 포함한 여러 파트너가 참여합니다. Lummus는 NAPCON을 자사 포트폴리오에 통합하고 Neste 및 전 세계 고객에게 디지털 서비스를 제공할 예정입니다. 인수 완료는 2025년 6월로 예정되어 있습니다.
Lummus Technology a annoncé l'acquisition de NAPCON, le fournisseur de solutions technologiques numériques de Neste, ainsi qu'un partenariat stratégique avec Neste. L'accord comprend la propriété intellectuelle de NAPCON, les actifs clés et le transfert du personnel.
NAPCON est spécialisée dans les solutions pilotées par l'intelligence artificielle, les contrôles de processus avancés, l'automatisation et les logiciels de simulation pour les opérations de raffinage et pétrochimiques. Cette acquisition renforcera les capacités numériques et l'efficacité opérationnelle de Lummus au bénéfice des clients.
L'accord implique plusieurs partenaires, dont Lummus Digital et Ferroman Engineering Oy. Lummus intégrera NAPCON à son portefeuille et fournira des services numériques à Neste et à ses clients mondiaux. L'acquisition devrait être finalisée d'ici juin 2025.
Lummus Technology hat die Übernahme von NAPCON, dem Anbieter digitaler Technologielösungen von Neste, sowie eine strategische Partnerschaft mit Neste bekannt gegeben. Der Deal umfasst das geistige Eigentum von NAPCON, wichtige Vermögenswerte und die Übertragung von Personal.
NAPCON spezialisiert sich auf KI-gesteuerte Lösungen, fortschrittliche Prozesssteuerungen, Automatisierung und Simulationssoftware für Raffinerie- und petrochemische Betriebe. Die Übernahme wird die digitalen Fähigkeiten und die operative Effizienz von Lummus für Kunden verbessern.
Die Vereinbarung umfasst mehrere Partner, darunter Lummus Digital und Ferroman Engineering Oy. Lummus wird NAPCON in sein Portfolio integrieren und digitale Dienstleistungen für Neste und globale Kunden anbieten. Der Abschluss der Übernahme ist für Juni 2025 geplant.
- Strategic acquisition of advanced AI and digital capabilities
- Expansion of service offerings in process technology and automation
- Access to NAPCON's established customer base
- Secured long-term partnership with Neste
- None.
New AI and digital capabilities will enhance operations, performance and digitalization for customers
NAPCON leverages AI, advanced process controls, automation and simulation software that enhances efficiency, safety and sustainability in refining, petrochemical and other industrial operations. NAPCON's products have been continuously developed to meet the high demands in process safety, profitability and competitiveness of production assets.
"I am grateful for the long-term partnership with Neste, renowned for their industry vision. The acquisition of NAPCON's digital solutions and continuing our partnership with Neste are transformative steps for Lummus," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. "This aligns with our strategic vision of combining cutting-edge AI-driven solutions with process technology to enhance the performance of our customers' operations."
"I am thrilled by this announcement. Lummus has the capability to keep NAPCON technology competitive as well as secure maintenance and development of the existing installations for Neste and NAPCON client base," said Markku Korvenranta, Executive Vice President and Chief Operating Officer of Neste. "Lummus is a global technology licensor in hydrocarbon processing and is in the position of creating value with NAPCON by offering NAPCON solutions to its global customer pool. We believe Lummus is the right partner to scale-up NAPCON technology and ensure its competitiveness in the long term."
The agreement involves several partners, including Lummus Technology, Neste, Lummus Digital and Ferroman Engineering Oy. Lummus Technology, through Lummus Digital and in partnership with Ferroman, will provide NAPCON's digital services to Neste. Lummus Technology will also integrate NAPCON into its portfolio and offer the digital services to its global customers. Lummus Technology and Ferroman will jointly support existing third-party licensees of NAPCON.
"This collaboration marks a pivotal moment for Ferroman and the industries we serve," said Håvard Hansen, Chief Executive Officer of Ferroman Engineering. "With access to NAPCON's cutting-edge technology and Lummus' global reach, we are ready to accelerate digital transformation in the steel and food processing sectors as well as supporting the energy industry with Lummus. Together, we will deliver smarter, safer, and more sustainable operations for our customers."
Lummus Digital, a joint venture between Lummus Technology and TCG Digital, combines process engineering expertise with advanced data science to deliver digital solutions to customers. Ferroman is a transatlantic provider of digital and engineering solutions for the steel and process industries with operations in the Nordics,
The acquisition is expected to be complete by June 2025.
About Lummus Technology
Lummus Technology is the global leader in developing technology solutions that make modern life possible and focus on a more sustainable, low carbon future. We license process technologies in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide. To learn more about Lummus, visit www.LummusTechnology.com.
About Neste
Neste (NESTE, Nasdaq Helsinki) creates solutions for mitigating climate change and accelerating a shift to a circular economy. The company is the world's leading producer of sustainable aviation fuel (SAF) and renewable diesel, enabling its customers to reduce their greenhouse gas emissions. Neste refines waste, residues and other renewable raw materials to high-quality renewable fuels at its refineries located on three continents. The company's annual renewable fuels production capacity will be increased to 6.8 million tons in 2027. Click the following links to learn more about Neste, www.Neste.com, and NAPCON www.NAPCONsuite.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lummus-expands-digital-solutions-with-napcon-acquisition-and-strategic-partnership-with-neste-302435159.html
SOURCE Lummus Technology, LLC
FAQ
What are the key benefits of Lummus Technology's acquisition of NAPCON?
When will Lummus Technology complete the NAPCON acquisition?
How will the Lummus-Neste strategic partnership work after the NAPCON acquisition?
What technologies does NAPCON bring to Lummus Technology's portfolio?
