Add-on Acquisition • Business Services

Chemogas NV Acquires Stereo Sdn Bhd

On March 12, 2018, Chemogas NV acquired business services company Stereo Sdn Bhd

Acquisition Context

This is Chemogas NV’s 1st transaction in the Business Services sector.
This is Chemogas NV’s 1st transaction in Malaysia.

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M&A Deal Summary
Date	March 12, 2018
Target	Stereo Sdn Bhd
Sector	Business Services
Buyer(s)	Chemogas NV
Deal Type	Add-on Acquisition

Target Company

Stereo Sdn Bhd

Kuala Lumpur, Malaysia

Stereo Sdn Bhd is a sterilization gases distributor with significant market presence in the Asia-Pacific region. Stereo operates EtO filling and blending installations and exports to the Asia-Pacific region, including Australia and New Zealand. Anticipating demand to rise in the light of strong market expansion over the last five years, Stereo is building an EtO filling and mixing plant in Manila to cater to the growing local medical devices market in the Philippines.

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Buyer Overview 1

Buyer

Chemogas NV

Grimbergen, Belgium

Category	Company
Founded	1975
Sector	Chemicals

DESCRIPTION

Chemogas NV is a provider of packaged chemical gases and related services. Chemogas also supplies natural refrigerant gases (like ammonia and propylene) and other specialty gases. Chemogas NV is one of the premier global providers of packaged Ethylene oxide to the medical sterilization industry, with exports to more than 70 countries.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Malaysia	1 of 1
Year: 2018	1 of 1

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