Air Liquide has reached an agreement to acquire Airgas in a game-changing combination that strengthens Air Liquide’s global leadership position, offers new opportunities to Airgas’ customers and delivers significant value to shareholders.
Combining Air Liquide and Airgas will bring together two highly complementary businesses to deliver greater value, service and innovation to customers in North America and around the world. It builds on Air Liquide’s longstanding track record of successfully operating in the US and will benefit from Airgas’ unmatched national presence and its more than 1 million customers in the US, as well as its leading customer-facing platform including e-commerce and telesales capabilities.
Acquisition will reinforce Air Liquide’s global leadership position:
- Growth: +30% on Gas & Services sales
- Geographically: #1 in North America, #1 in Europe, #1 in Africa/Middle East, #1 in Asia-Pacific.
- By activity: #1 in Industrial Merchant, #1 in Large Industries, co-#1 in Electronics, worldwide.
- Represents significant value for shareholders of both companies.
Airgas shareholders will receive $143 per share in cash for all outstanding shares of Airgas, representing a total enterprise value of $13.4bn (€12.5bn at current exchange rates) on a fully diluted basis and including the assumption of Airgas debt.
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