Johnson Matthey buys Davy Process Technology
Johnson Matthey has purchased developer of chemical process technologies, Davy Process Technology (DPT), from Yukos International UK for
Johnson Matthey has purchased developer of chemical process technologies, Davy Process Technology (DPT), from Yukos International UK for £40 million in cash.
DPT is headquartered in London and employs around 175 people. It also has an R&D centre in Stockton-on-Tees. It licenses proprietary technologies and sells associated engineering packages, catalysts and specialist equipment.
Johnson Matthey and DPT have a long history of technical collaboration and, together with Aker Kvaerner, form the One Synergy alliance, which pro-vides turnkey solutions for methanol production and other syngas-based processes, including those in the emerging gas to liquids (GTL) market.
Johnson Matthey's catalyst expertise will enhance DPT's ability to develop advanced catalyst-based processes for a number of markets growing Johnson Matthey's catalyst sales.