Air Liquide (AL) recently pleased to announce that effective from May 31, 2007, the business activities of Linde Gas UK have been transferred to the Air Liquide Group.
The transaction is based on an enterprise value of 105 million euros.
Under this acquisition, AL expect that it will have an immediate and positive impact on the AL’s results and allow AL to almost double the size of its UK operation.
Klaus Schmieder, Senior Executive Vice-President of the AL, stated "The acquisition of additional production units will enable AL to provide a wider range of products and services to key industry sectors. It also gives an exciting opportunity to access the UK hospital and homecare markets."
This divestiture was one of the antitrust conditions imposed by the European Commission arising from the acquisition of BOC by Linde.
