NextChem acquires Ballestra Group
NextChem has signed a binding agreement to acquire the entire share capital of Ballestra Group, a global leader in the licensing, design and engineering of processing plants, as well as the supply of proprietary technologies and equipment for the chemical industry. Founded in 1960 and headquartered in Milan, Ballestra is the holding of a group of companies comprising BUSS ChemTech AG (Switzerland) and Ballestra Engineering and Projects Pvt. Ltd (India). It operates in over 120 countries with approximately 450 employees and offices in Europe and Asia. NextChem says that the acquisition will bring intellectual property, advanced proprietary technologies and distinctive engineering competences to its value proposition in specialty chemicals, including fluorine derivatives for lithium-ion batteries and for the metals and mining industries. This acquisition will also create cross-selling opportunities with Tecnimont, Maire Group’s integrated engineering and construction services business unit, in relation to energy transition and material transformation projects. The enterprise value is €108.3 million, resulting in a purchase price of approximately €126.5 million, subject to adjustments at closing, which is expected in the first half of 2026.
