- Lummus Technology has acquired NAPCON from Neste, enhancing its digital capabilities in AI-driven solutions.
- The acquisition is set to complete by June 2025, alongside a strategic partnership with Neste.
- Lummus aims to integrate NAPCON's technology into its global services, benefitting refining and petrochemical operations.
Lummus Technology, a leader in process technologies and energy solutions, has announced the acquisition of NAPCON, the digital technology solutions provider from Neste. This strategic move includes the acquisition of NAPCON's intellectual property, key assets, and personnel, enhancing Lummus's capabilities in AI-driven solutions, advanced process controls, and automation.
Through this acquisition, Lummus plans to integrate NAPCON into its digital portfolio, offering enhanced services to global customers. The agreement, which involves partners like Lummus Digital and Ferroman Engineering Oy, is expected to close by June 2025.
NAPCON, known for its expertise in simulation software, will bolster Lummus's offerings in refining and petrochemical operations, focusing on efficiency, safety, and sustainability. Neste (NTOIY, Financial), a key partner in this collaboration, will continue to utilize NAPCON's services through this strategic alignment, benefiting from Lummus's global reach.
The acquisition is positioned to advance Lummus's mission of combining AI solutions with process technology, thereby enhancing operational performance for its clients. This development marks a significant milestone in Lummus's strategy to deliver smarter, safer, and more sustainable operations worldwide.
