Air Liquide Completes the Sale of Aqua Lung to Montagu Private Equity
31 December 2016 - 3:35AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI) announced today that it has completed the
sale of Aqua Lung, a key player in personal aquatic equipment for
recreational and professional use, to Montagu Private Equity, a
leading European private equity firm. Montagu will support Aqua
Lung’s next phase of growth and enable the company to deliver on
its strategy.
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.
The terms of the transaction have not been disclosed.
About Aqua LungPresent in
around 90 countries with approximately 1,000 employees, Aqua Lung
is a key player in personal aquatic equipment for recreational and
professional use. Founded in 1946, Aqua Lung is a historical expert
in SCUBA diving and has expanded its offering to complementary
areas such as swimming, aqua fitness and free diving. In 2015, Aqua
Lung generated approximately €200 million in revenue.
About Montagu Private
EquityMontagu Private Equity is one of Europe’s leading
private equity firms. Founded in 1968, Montagu can look back on
more than 45 years’ experience in investing in more than 400
transactions. Montagu has a strong track record of supporting
portfolio companies, dedicating significant resources to management
teams as well as providing additional capital expenditure to fund
further growth. Montagu also has considerable expertise helping
businesses to accelerate their growth in their home markets as well
as to internationalize and expand their customer base. The firm has
assets under management of just over €5 billion.
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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87orRadnor+1 610 263 8277
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