Air Liquide has announced that it has signed an agreement with Lincoln Electric France SAS, subsidiary of Lincoln Electric Holdings, Inc. to sell Air Liquide Welding, its subsidiary specialised in the manufacture of welding and cutting technologies.
This agreement follows the exclusive negotiations agreement announced on the 2nd March 2017 with Lincoln Electric, the world leader in design, development and manufacture of arc welding products, robotic arc welding systems, plasma and oxy-fuel cutting equipment.
The completion of the transaction is subject to obtaining the usual regulatory approvals, including competition authorities’ approval.
Both parties expect the transaction to be completed in the second half of 2017.
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