Air Liquide Sells Its Minority Stake in Hydrogenics to Cummins
June 30 2023 - 2:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) has sold its 19% stake in the
fuel cell and hydrogen production technologies provider Hydrogenics
Corporation to Cummins, who owns the remaining 81% of the company.
With a large portfolio of technologies, Air Liquide is more than
ever committed to the development of hydrogen and the Group is a
leader in developing and operating large scale
electrolyzers.
This divestment reflects Air Liquide's strategy of regularly
reviewing its business portfolio.
Under Cummins’ full ownership, Hydrogenics will remain one of
Air Liquide’s suppliers for electrolyzer projects.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230629278684/en/
Corporate Communications media@airliquide.com
Investor Relations IRTeam@airliquide.com
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