Sell-side and buy-side advisory for industrial transactions where the value sits in technology, operations and know-how — not just financial metrics.​

Industrial transactions fail when the advisor understands the deal but not the business. The value in an industrial company sits in its technology IP, its operational capability, its customer qualification processes, its regulatory perimeter, and the key-person dependencies that hold the organization together. Standard financial due diligence misses most of this. Overpaying is not the only risk. Misunderstanding what you are buying — or what you are selling — is.

Delion provides full-process M&A advisory: preparation and positioning of the business for sale, information memorandum, buyer or target identification and screening, NBO/NDA management, coordination of due diligence across commercial, technical, operational and legal workstreams, valuation, negotiation support through signing and closing. We work as sole and exclusive advisor.

We also advise on portfolio reshaping — the strategic decisions that determine which businesses an industrial holding should retain, which it should exit, and how to restructure for the next cycle. This includes carve-out structuring, separation planning, and post-transaction transition support.

Our leadership has personally led industrial acquisitions and post-merger integrations involving technology businesses with hundreds of employees, managed carve-outs from listed industrial groups, and restructured technology portfolios across multiple jurisdictions. Because we also operate a technology business, we assess operational risk the way an operator does — not the way a financial model does.

Commercially grounded advisory on sustainable fuels, hydrogen carriers, petrochemical decarbonization and industrial transformation — anchored in technology and operating experience, not policy aspiration.

The energy transition will be decided by technology economics, not by targets. The companies, investors and project sponsors who navigate it well will do so on the basis of rigorous commercial and technical analysis: which pathways are bankable, which technologies work at scale, which business models survive without subsidy, and which markets will actually pay a green premium.

Delion advises across the full breadth of transition-linked decisions: e-fuels and synthetic fuels, hydrogen carriers (LOHC, MCH-toluene cycle), biorefinery concepts, petrochemical decarbonization, carbon capture integration, and the restructuring of conventional downstream portfolios for a transitioning market. Our work covers technology assessment and selection, business case development, route-to-market strategy, offtake structuring, and investment-readiness preparation for transition projects.

What sets this advisory apart is that it comes from the technology and commercial side of the value chain. Our leadership has held board positions in Swiss e-fuels and synthetic-fuels ventures, led carbon-capture and gas-to-chemicals businesses at a global technology group, and directed the launch of gas-processing technology portfolios into international markets. Our catalyst portfolio includes MCH dehydrogenation and toluene hydrogenation catalysts directly relevant to the hydrogen-carrier economy. We do not advise on the energy transition from the outside. We operate in it.

Independent assessment of technologies, projects and investment cases — for investors, sponsors, lenders and boards who need to know what is real before capital is committed.​

Capital commitments in energy, petrochemicals and industrial infrastructure deserve diligence that goes deeper than the financial model. The questions that determine whether an investment succeeds or fails are usually technical and operational: Does this technology work at the proposed scale? Is the execution timeline realistic or aspirational? Are the commercial assumptions — feedstock cost, product pricing, offtake security, capacity utilization — defensible under stress? Is the counterparty credible? Is the project bankable, or merely presentable?

Delion provides independent technical, commercial and execution-readiness assessments. We evaluate technology maturity and scalability risk, stress-test project economics under multiple scenarios, assess execution plans against the realities of permitting, procurement, construction and commissioning, and review counterparty and co-owner credibility. Deliverables range from focused red-flag assessments — designed to surface deal-breakers early — to comprehensive investment-grade reports suitable for credit committee or board submission.

Where the mandate requires it, we extend diligence into structuring: equity design, co-owner alignment, governance frameworks and financing architecture. This is particularly relevant for complex multi-party projects — gas developments, downstream joint ventures, modular infrastructure — where the quality of the structure determines whether the project survives its first dispute.

Our diligence is grounded in operational experience. We operate our own technology and project-delivery business. We know what realistic commissioning timelines look like, what technology risk actually means in practice, and where the gap between a feasibility study and a bankable project typically sits. This is not diligence by checklist. It is diligence by someone who has built what you are evaluating.

Corporate technology strategy, portfolio positioning and market-entry advisory for industrial technology owners, project developers and operating companies.​

Deciding which technology to deploy, how to enter a market, whom to partner with, and how to structure a licensing or commercialization model are among the most consequential — and least reversible — decisions an industrial company makes. They determine what you build, where you compete, and who your partners and competitors will be for the next decade. These are not decisions that should rest on a market study alone. They require someone who has made them.

Delion advises on corporate technology strategy — how to position a technology portfolio, which platforms to invest in, which to exit, and how to sequence market entry across geographies and sectors. We advise on partner identification and structuring: selecting the right EPC, licensing, distribution and co-development partners, and structuring agreements that protect the technology owner's position. We advise on commercialization models: build-own-operate vs. licensing vs. joint ventures vs. tolling, and the commercial terms that make each model work.

For project sponsors and industrial operators, we provide technology selection and validation advisory — ensuring the right technology is chosen for the right project, on defensible commercial terms, with a clear understanding of what the technology can and cannot do at the proposed scale.

Our leadership has launched industrial technology portfolios internationally, negotiated commercialization agreements with major EPC contractors, managed technology cooperations from concept to revenue across multiple markets, and built the commercial infrastructure — distributor networks, application engineering, technical support — that turns a technology into a business. Where advisory leads to deployment, Delion HK provides execution support through its technology and project-delivery capabilities.