Air Liquide Completes the Divestiture of schülke
August 03 2020 - 3:15AM
Dow Jones News
Regulatory News:
In accordance with its announcement on April 7, 2020, Air
Liquide (Paris:AI) has closed the sale of its subsidiary schülke to
EQT, a global investment organization. The total value of the
transaction, which is subject to an earn-out provision, is between
925 million euros and 1.0 billion euros.
This transaction illustrates Air Liquide's strategy to review
its business portfolio regularly and to focus on its core gases and
healthcare businesses, thereby enhancing Air Liquide's
performance.
Air Liquide intends to continue to develop its healthcare
activities, while providing Schülke & Mayr GmbH with the best
opportunity for its long-term development.
Schülke & Mayr GmbH
Schülke & Mayr GmbH, headquartered in Germany, is a leader
in infection prevention and hygiene for more than 130 years.
schülke develops, produces and distributes antiseptics for wound
care, disinfectants, medical and cosmetic skin care products and
preservatives. The company offers its customers innovative
products, technologies and services in its core business fields:
Healthcare, Industrial Hygiene and Personal Care. Schülke's mission
is to protect lives worldwide and therewith actively contributes to
patient safety. Today, the company employs over 1,250 employees
worldwide and sells its products in over 100 countries. Represented
by 22 subsidiaries, schülke operates three production sites in
Germany (schülke), France (Bioxal) and Brazil (Vic Pharma).
www.schuelke.com
About EQT
EQT is a differentiated global investment organization with more
than EUR 62 billion in raised capital and around EUR 40 billion in
assets under management across 19 active funds. EQT funds have
portfolio companies in Europe, Asia and the US with total sales of
more than EUR 27 billion and approximately 159,000 employees. EQT
works with portfolio companies to achieve sustainable growth,
operational excellence and market leadership.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3.7 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 be a leader in its industry,
deliver long term performance and contribute to sustainability. The
company's customer-centric transformation strategy aims at
profitable, regular and responsible 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 revenue amounted to 22 billion euros in 2019 and
its solutions that protect life and the environment represented
more than 40% of sales. Air Liquide is listed on the Euronext Paris
stock exchange (compartment A) and belongs to the CAC 40, EURO
STOXX 50 and FTSE4Good indexes.
www.airliquide.com
Follow us on Twitter @airliquidegroup
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200802005013/en/
CONTACT: Corporate Communications
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
SOURCE: Air Liquide
Copyright Business Wire 2020
(END) Dow Jones Newswires
August 03, 2020 03:00 ET (07:00 GMT)
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