DEALS DONE: Aeternus M&A advisor in the acquisition of Protomation by the listed Italian Maire Tecnimont Group

On July 18, the acquisition of the IT company Protomation to the innovation and licensing company Stamicarbon, part of the listed Italian Maire Tecnimont Group, was completed. Aeternus acted as the advisor of the shareholders of Protomation.

Protomation is a Dutch specialist IT company dedicated to developing software applications and state-of-the-art operator training simulators (OTS) for the chemical process industry, with an extensive track record of collaboration with fertilizer producers. Stamicarbon has been partnering with Protomation for more than ten years to develop software packages and OTS for urea plants using Stamicarbon designs and technology.

With this acquisition, the Group is therefore enhancing its value proposition in line with the overall digital transformation roadmap. More about this international M&A Deal: Official press release.

> Read the official press release

About Maire Tecnimont SpA

Maire Tecnimont S.p.A. is a company listed with the Milan stock exchange. It heads an industrial group (the Maire Tecnimont Group) that leads the natural resources processing sector (plant engineering in the oil&gas downstream industry, with specific technological and execution capabilities). Through its subsidiary NextChem the Group operates in the field of Green Chemistry and technologies supporting the energy transition. The Maire Tecnimont Group operates in approximately 45 different countries, numbering around 50 operative companies and a workforce of more than 6,300 employees, along with approximately 3,000 additional Electrical & Instrumentation professionals.

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About Stamicarbon BV

Stamicarbon is the innovation and license company of the Maire Tecnimont Group. We are a pioneering company specialized in the fertilizer industry with a vision to help enable the world to feed itself and improve quality of life. As a global leader in fertilizer technologies, Stamicarbon has licensed more than 250 urea plants and realized more than 100 revamping and optimization projects. This leading position is based on more than 70 years of experience in licensing and is maintained by its continuous innovations in technologies, products and materials. Stamicarbon’s headquarters is in Sittard, The Netherlands with a sales office in the USA and representative offices in Russia and China.

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About Protomation BV

Protomation is a leading company in the development and licensing of state-of-the-art simulation software and simulation models for the processing industries. The company has developed a comprehensive software suite called “Process Studio®” to develop Operator Training Simulators and the deployment of operator training curriculum. They have over 25 years of know-how and experience in the field of production processes, process control, process simulation, software development and managing projects, partnering with Stamicarbon and ThyssenKrupp Industrial Solutions. Protomation’s client list includes amongst others: AkzoNobel, DGC, DSM, KIMA, Nutrien, Petrobras, Petlin (Petronas), SABIC, Saudi Aramco, SKW, Sorfert and technical education institutes.

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