# LANXESS and Advent to acquire DSM Engineering Materials for EUR 3.7B

LANXESS and Advent International signed an agreement to acquire the DSM Engineering Materials business for around EUR 3.7 billion. LANXESS will contribute its High Performance Materials business to the new joint venture, receiving at least EUR 1.1 billion and up to 40% stake.

- Type: Acquisition
- Announced: 2021-10-14
- Status: announced
- Products: high-performance engineering polymers, high-performance specialty materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Advent International](https://endata.com/companies/430.md) (acquirer)
- [LANXESS](https://endata.com/companies/15514.md) (acquirer)
- [DSM](https://endata.com/companies/25138.md) (target)

## Sources

- [lanxess.com](https://lanxess.com/en/media/press-releases/2022/05/lanxess-and-advent-international-establish-a-leading-global-joint-venture-for-high-performance-engineering-polymers), 2021-10-14: "LANXESS and Advent to acquire Engineering Materials business from DSM for a purchase price of around EUR 3.7 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.