BERLIN -- Atotech could fetch up to $3.5 billion when it goes on the market later this year, sources familiar with the company are speculating.

Atotech's parent company, Total, announced plans to spin off and sell certain non-core assets this year, including the chemistry developer.

Atotech has annual sales of about $1 billion, primarily from developing and selling chemicals and equipment for printed circuit boards and semiconductors. The firm will have earnings before interest, taxes, depreciation and amortization of roughly $285 million this year and could be valued up to 13 times that in a sale, Reuters is reporting, citing people familiar with the company.

Total reportedly will begin accepting bids this fall, Reuters said.

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