Air Liquide is Considering Various Options for the Divestment of Air Liquide Welding, Its Welding Activity
December 15 2016 - 11:35AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI), which regularly reviews its business
portfolio, is considering various options for the divestment of its
subsidiary Air Liquide Welding, specialized in the manufacturing of
welding and cutting technologies, with the intention to provide it
with the best opportunities for its long-term development.
In this context, different scenarios are being reviewed,
preference being given to discussions with an industrial
partner.
There can be no assurance these scenarios will result in a
divestment project. If such a project was confirmed, the employee
representative bodies would be informed first and foremost.
Air Liquide is focused on its Gas & Services activities
following the Group’s acquisition of Airgas, as well as on the
implementation of its company program NEOS for the 2016-2020
period.
About Air Liquide WeldingAir
Liquide’s subsidiary, Air Liquide Welding is a key player in the
manufacturing of welding and cutting technologies. Air Liquide
Welding, which has approximately 2,000 employees across the world,
has generated in 2015 a turnover around €360 million. It offers,
through several internationally well known brands (SAF-FRO and
OERLIKON in the industrial field, CEMONT for professionals...), a
large range of related equipment, consumables and services on the
market.
_________________________________________
The world leader in gases, technologies and services for
Industry and Health, Air Liquide is present in 80 countries with
approximately 68,000 employees and serves more than 3 million
customers and patients*. Oxygen, nitrogen and hydrogen are
essential small molecules for life, matter and energy. They embody
Air Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Air Liquide’s ambition is to lead its industry, deliver
long-term performance and contribute to sustainability. The
company’s customer-centric transformation strategy aims at
profitable growth over the long term. It relies on operational
excellence, selective investments, open innovation and a network
organization implemented by the Group worldwide. Through the
commitment and inventiveness of its people, Air Liquide leverages
energy and environment transition, changes in healthcare and
digitization, and delivers greater value to all its
stakeholders.
Air Liquide’s revenues amounted to €16.4 billion in 2015, and
its solutions that protect life and the environment represented
more than 40% of sales. On 23 May 2016, Air Liquide completed its
acquisition of Airgas, which had revenues amounting to $5.3 billion
(around €4.8 billion) for the fiscal year ending 31 March 2016.Air
Liquide is listed on the Paris Euronext stock exchange (compartment
A) and belongs to the CAC 40 and Dow Jones Euro Stoxx 50
indexes.
* Following the acquisition of Airgas on 23 May 2016
www.airliquide.comFollow us on Twitter
@airliquidegroup
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Air LiquideCorporate CommunicationsCaroline
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62 56 19orInvestor RelationsParis+33 (0)1 40 62 50
87Radnor+1 (0) 610 263 8277
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