The 2020 Mid-Year Economic Update_long

Air Liquide Buys Engineering Firm


Air Liquide, Paris, France, has acquired the engineering firm Lurgi, which is owned by Global Engineering Alliance, based on an equity value of 550 million euros, equivalent to an enterprise value of 200 million euros.
&nbsp ;
The acquisition accelerates the growth of the Large Industries World Business Line, strengthening Air Liquide's position in hydrogen markets and providing access to Coal to Lquid and Coal to Chemicals sectors.
&nbsp ;
With nearly 1,300 employees and total sales of around 850 million euros in 2006, Lurgi, a German-based company, produces hydrogen and synthesis gas to biofuel production processes. Lurgi's main engineering centers are situated in Germany, Poland, United States, India and South Africa.
&nbsp ;
Air Liquide has five Engineering ...

Air Liquide, Paris, France, has acquired the engineering firm Lurgi, which is owned by Global Engineering Alliance, based on an equity value of 550 million euros, equivalent to an enterprise value of 200 million euros.
&nbsp ;
The acquisition accelerates the growth of the Large Industries World Business Line, strengthening Air Liquide’s position in hydrogen markets and providing access to Coal to Lquid and Coal to Chemicals sectors.
&nbsp ;
With nearly 1,300 employees and total sales of around 850 million euros in 2006, Lurgi, a German-based company, produces hydrogen and synthesis gas to biofuel production processes. Lurgi’s main engineering centers are situated in Germany, Poland, United States, India and South Africa.
&nbsp ;
Air Liquide has five Engineering and Construction centers in the major markets around the world with a total of 1,500 employees. Gas production units are also designed and manufactured for external customers, generating total third party sales in 2006 of 380 million euros.
&nbsp ;
In 72 countries, Air Liquide is in industrial and medical gases and related services. Sales in 2006 totaled 10.94 billion euros, with sales outside France accounting for almost 80%.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com