M&A Deal Summary |
|
|---|---|
| Date | 2018-11-05 |
| Target | General Electric - Gasification Business & Technology |
| Sector | Energy Services and Equipment |
| Buyer(s) | Air Products and Chemicals |
| Sellers(s) | General Electric |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1940 |
| Sector | Chemicals |
| Employees | 20,000 |
| Revenue | 12.6B USD (2023) |
Air Products and Chemicals serves energy, electronics, chemicals, steel, and manufacturing customers globally with a unique portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. The Company is a supplier of hydrogen and helium and has built leading positions in growth markets such as semiconductor materials, refinery hydrogen, natural gas liquefaction, and advanced coatings and adhesives. Air Products and Chemicals was incorporated in 1940 and is based in Allentown, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 18 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Divestiture) | 4 of 6 |
| State (Connecticut) | 1 of 1 |
| Country (United States) | 8 of 9 |
| Year (2018) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-22 |
Baker Hughes - Rotoflow Turboexpander Business
Houston, Texas, United States Baker Hughes - Rotoflow Turboexpander Business is a provider of an industrial gas and liquefied natural gas (LNG) turboexpander capabilities into growing hydrocarbon, petrochemical and energy segment. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-12 |
Oxygen & Argon Works
Caesarea, Israel Oxygen & Argon Works is an industrial company that manufactures and supplies industrial gases for industry, research and medicine in Israel and provides installation services and maintenance systems. Oxygen & Argon Works was founded in 1935 and is based in Caesarea, Israel. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1892 |
| Sector | Diversified |
| Employees | 205,000 |
| Revenue | 67.6B USD (2023) |
General Electric is a diversified technology and financial services corporation. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 38 of 45 |
| Sector (Energy Services and Equipment) | 3 of 4 |
| Type (Divestiture) | 31 of 38 |
| State (Connecticut) | 3 of 4 |
| Country (United States) | 29 of 35 |
| Year (2018) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-25 |
INNIO
Jenbach, Austria INNIO is a provider of gas engines, power equipment, a digital platform, and related services for power generation and gas compression at or near the point of use. INNIO was founded in 2018 and is based in Jenbach, Austria. |
Sell | $3.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-06 |
GE Current
Cleveland, Ohio, United States GE Current is a design, source, and assemble, lamp and lighting fixture business focused on retrofit applications that pull through complementary controls and software. The company is comprised of two main segments. The Professional segment manufactures LED retrofit kits, LED and conventional lamps, and LED fixtures for commercial, industrial, outdoor and roadway applications. The Intelligent Buildings Segment integrates sensors and controls to enable an open, cloud-based platform of apps for customer productivity and energy management in buildings. Current also develops patent-protected proprietary phosphors with premium color quality and differentiated performance that are used in LED chips, screens, and fluorescent lamps. |
Sell | - |
