M&A Deal Summary

Air Products and Chemicals Acquires L Air Liquide S.A. - Industrial Gases Business UAE & Bahrain

On April 12, 2022, Air Products and Chemicals acquired chemicals company L Air Liquide S.A. - Industrial Gases Business UAE & Bahrain from L Air Liquide

Acquisition Highlights
  • This is Air Products and Chemicals’ 6th transaction in the Chemicals sector.
  • This is Air Products and Chemicals’ 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2022-04-12
Target L Air Liquide S.A. - Industrial Gases Business UAE & Bahrain
Sector Chemicals
Buyer(s) Air Products and Chemicals
Sellers(s) L Air Liquide
Deal Type Divestiture

Target

L Air Liquide S.A. - Industrial Gases Business UAE & Bahrain

United Arab Emirates
L'Air Liquide's Industrial Gases Business UAE & Bahrain comprises Air Liquide Emirates for Industrial Gases LLC (ALEMIR) and Orca Industrial Gases LLC based in the UAE and the Middle East Carbon Dioxide W.L.L (MECD) in Bahrain. ALEMIR provides liquid bulk, packaged gases and specialty gases. MECD is a liquid carbon dioxide (CO2) production facility.

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Buyer(S) 1

Buyer

Air Products and Chemicals

Allentown, Pennsylvania, United States

Category Company
Founded 1940
Sector Chemicals
Employees20,000
Revenue 12.6B USD (2023)
DESCRIPTION

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 18 of 18
Sector (Chemicals) 6 of 6
Type (Divestiture) 6 of 6
Country (United Arab Emirates) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-30 PBF Energy - Five Operating Hydrogen Plants

Parsippany, New Jersey, United States

PBF Energy, Inc.'s Five Operating Hydrogen Plants comprises five hydrogen steam methane reformer (SMR) hydrogen production plants and the long-term supply of hydrogen.

Buy $530M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-10 Air Products - Liquefied Natural Gas Process Technology & Equipment Business

Allentown, Pennsylvania, United States

Air Products' Liquefied Natural Gas (LNG) Process Technology & Equipment Business provides a comprehensive portfolio, including in-house design and manufacturing of coil-wound heat exchangers (CWHE) and related equipment. CWHEs provide natural gas in a single exchanger with a small footprint and robust, reliable, and safe operations both onshore and offshore.

Sell $1.8B

Seller(S) 1

SELLER

L Air Liquide

Paris, France

Category Company
Founded 1902
Sector Chemicals
Employees67,778
Revenue 27.6B EUR (2023)
DESCRIPTION
Air Liquide office in Houston, Texas.
Air Liquide office in Houston, Texas.

L'Air Liquide is a global provider of gases. Products include oxygen, nitrogen, hydrogen and specialty gases. L'Air Liquide was formed in 1902 and is based Paris, France.


DEAL STATS #
Overall 11 of 11
Sector (Chemicals) 3 of 3
Type (Divestiture) 10 of 10
Country (United Arab Emirates) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 BetaMed

Chorzów, Poland

BetaMed is a major home healthcare provider for patients suffering from severe pathologies, such as respiratory diseases, stroke, heart disease, neuromuscular diseases, or paraplegia. The company supports 5,000 patients and also runs a specialized clinic with over 100 beds for dependent patients, both adults, and children, who require mechanical ventilation. BetaMed was formed in 2001 and is based in Chorzów, Poland.

Buy -