Syensqo exits oil and gas

Syensqo has entered into an agreement to divest its Oil & Gas Business Unit to SNF Group, a French speciality chemical company that is active in the field. The enterprise value of €135 million represents a 7x EBITDA multiple. Oil & Gas had net sales of about €400 million in 2024,6% of Syensqo’s total, and employs some 600 people.

CEO Dr Ilham Kadri described the move as advancing Syensqo’s “pure play speciality strategy” while SNF CEO Pascal Remy added that the acquired business has a complementary products portfolio and expertise in R&D and market knowledge, making it “an excellent fit for our company”. The deal should close in Q1 2026, subject to customary closing conditions, consultation with employee representatives and regulatory approval.