Air Liquide Announces the Acquisition of a Service Leader Specialized in Temperature-Controlled Logistics for the Pharmaceu...
February 09 2016 - 2:32AM
Business Wire
Regulatory News:
CRYO International, an Air Liquide group (Paris:AI)
subsidiary specializing in temperature-controlled1
logistics solutions, has just acquired PDP Couriers, a major
player in the customized transport of high value- added products
for the pharmaceutical and biotechnology industries.
Based in the UK, PDP Couriers has over 120
employees at 14 locations worldwide. The company generated
revenues of approximately €21 million in 2015. PDP Couriers
has grown significantly in Eastern Europe, Latin America and Asia
over the past few years.
Safety, punctuality and reliability are key in the transport
sector for temperature-sensitive samples and products in the
pharmaceutical industry, particularly in the clinical research
area. PDP Couriers is one of the specialists in this sector with an
international presence.
This acquisition is a new phase in the strategy initiated in the
past few years by CRYO International, whose goal is to be able
to offer its customers innovative and customized
temperature-controlled logistics solutions anywhere in the
world.
Guy Salzgeber, Senior Vice-President,
Europe Industries, and a member of the Air Liquide group’s
Executive Committee, commented: “Cryo International illustrates
the Group’s intention to seize growth opportunities in adjacent
markets. The acquisition of PDP Couriers is very much in line with
this approach. We are delighted to welcome these new employees to
Air Liquide.”
Cédric Picaud, Chief Executive Officer
of CRYO International, added: “With this acquisition we are
combining our know-how in CARBOGLACETM and
temperature-controlled solutions with a premium logistics service.
This expansion in our activities supports the geographical growth
of our customers and their need for services with increased added
value.”
What is
CARBOGLACETM
CARBOGLACETM (or dry ice) is the solid
form of carbon dioxide (CO2). Its temperature of -78°c is ideal for
maintaining the integrity of sensitive products over several days.
CARBOGLACETM is used widely for transport and logistics in the
pharmaceutical and agri-food industries, within the Group’s
Industrial Merchant Business Line.
CRYO
International
CRYO International is the parent company
of CRYO EXPRESS. For more than 15 years, CRYO EXPRESS, a
temperature-controlled solutions specialist, has been supplying
cryogenic products (CARBOGLACETM, liquid nitrogen) and offering
customized logistics solutions for transporting pharmaceutical and
agri-food industry samples and products, while also meeting cold
chain requirements. Find out more:
www.cryoexpress.com
World leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with more than
50,000 employees and serves more than 2 million customers and
patients. Oxygen, nitrogen and hydrogen have been at the core of
the company’s activities since its creation in 1902. Air Liquide’s
ambition is to be the leader in its industry, delivering long-term
performance and acting responsibly.
Air Liquide ideas create value over the long term. At the core
of the company’s development are the commitment and constant
inventiveness of its people.
Air Liquide anticipates the challenges of its markets, invests
locally and globally, and delivers high-quality solutions to its
customers and patients, and the scientific community.
The company relies on competitiveness in its operations,
targeted investments in growing markets and innovation to deliver
profitable growth over the long-term.
Air Liquide’s revenues amounted to €15.4 billion in 2014, and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Paris Euronext
stock exchange (compartment A) and is a member of the CAC 40
and Dow Jones Euro Stoxx 50 indexes.
1 Temperature-controlled: maintained at constant temperature
(positive or negative) using cold sources such as CARBOGLACETM or
liquid nitrogen.
www.airliquide.comFollow us on Twitter
@AirLiquideGroup
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version on businesswire.com: http://www.businesswire.com/news/home/20160208006477/en/
Air LiquideCorporate CommunicationsCaroline
Philips, +33 (0)1 40 62 50 84orAurélie Wayser-Langevin, +33 (0)1 40
62 56 19orInvestor RelationsAude Rodriguez, +33 (0)1 40 62
57 08orErin Sarret, +33 (0)1 40 62 57 37orLouis Laffont, +33 (0)1
40 62 57 18orCRYO InternationalKarine Gradziel, +33 (0)1 70
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