Air Liquide in Exclusive Negotiations With Safran Aerosystems for the Sale of Its Oxygen and Nitrogen Aerospace Technology Activities
June 01 2023 - 02:45AM
Business Wire
Air Liquide announces that it has entered into exclusive
negotiations with Safran Aerosystems for the sale of its oxygen and
nitrogen aerospace technology activities, excluding marine-related
cryogenic activities.
Regulatory News:
Air Liquide's (Paris:AI) oxygen and nitrogen aerospace
technology activities have been developed since 1983 on the Campus
Technologies Grenoble site to serve the aerospace market in the
field of on-board gases and associated equipment.
Today, these activities represent 218 employees located on the
Campus Technologies Grenoble, France, and more specifically concern
its portable oxygen breathing equipment, its on-board oxygen and
nitrogen generation, storage and distribution solutions, as well as
its ground support and optronics1 activities.
Air Liquide will also continue to operate the remaining advanced
Technologies activities located on its Campus Technologies
Grenoble, and will retain the possibility of supplying hydrogen
cryogenics technologies to the aerospace industry.
This decision reflects Air Liquide's strategy of regularly
reviewing its business portfolio in order to focus on the Group's
key activities or territories and thus maximize its
performance.
This operation, which should be finalized by early 2024, is
subject to final and definitive agreement between the parties, and
will be carried out within the framework of the regulatory social
processes and ongoing dialogue with the employee representative
bodies.
Campus Technologies
Grenoble
The Campus Technologies Grenoble, which gathers about 1,400
employees, is responsible for designing and manufacturing
innovative high-tech solutions for the growing deep tech and energy
transition markets. Expert in extreme cryogenics, the Campus
Technologies Grenoble serves customers worldwide, particularly in
the areas of industry, space, scientific research and new energies
such as hydrogen and biomethane.
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 73 countries with
approximately 67,100 employees and serves more than 3.9 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.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 29.9 billion euros
in 2022. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50, FTSE4Good and DJSI Europe indexes.
1Optronics generally combines an optical sensor, an image
processing system, and a display or memory system and is used in
equipment or systems using both optics and electronics.
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Corporate Communications media@airliquide.com
Investor Relations IRTeam@airliquide.com
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