European Commission approves Linde's acquisition of Air Products' Continental-European homecare business
(Thomson Reuters ONE) -
Linde AG /
European Commission approves Linde's acquisition of Air Products'
Continental-European homecare business
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Munich, 18 April 2012 - Today, the European Commission has granted its
unconditional approval for Linde AG's acquisition of the Continental-European
homecare business of the industrial gases company Air Products. Following this
approval, Linde and Air Products expect the transaction to be closed by end of
April 2012.
The transaction comprises Air Products' homecare operations in Belgium, France,
Germany, Portugal and Spain with around 850 employees. This business, that is
acquired by Linde at an enterprise value of EUR 590 m, achieved annual sales of
EUR 210 m in 2011.
Homecare is the term applied to medical services relating to the treatment of
patients in settings other than hospitals. It comprises respiratory services
such as oxygen therapy, sleep therapy, and ventilation services. In the 2011
financial year, Linde achieved global sales of EUR 300 m in this product area.
In the Healthcare segment as a whole, which comprises not only Homecare but also
Hospital Care (the supply of medical gases and services to hospitals), Linde
achieved sales in the 2011 financial year of around EUR 1.2 bn. Linde is the
second largest supplier of medical gases and related services in the world.
The Linde Group is a world-leading gases and engineering company with around
50,500 employees in more than 100 countries worldwide. In the 2011 financial
year, it achieved sales of EUR 13.787 bn. The strategy of The Linde Group is
geared towards long-term profitable growth and focuses on the expansion of its
international business with forward-looking products and services. Linde acts
responsibly towards its shareholders, business partners, employees, society and
the environment - in every one of its business areas, regions and locations
across the globe. The Group is committed to technologies and products that unite
the goals of customer value and sustainable development.
For more information, see The Linde Group online at http://www.linde.com
Further information:
Press Investor Relations
Uwe Wolfinger Dr Dominik Heger
Telephone: +49.89.35757-1320 Telephone: +49.89.35757-1334
Matthias Dachwald Lisa Tilmann
Telephone: +49.89.35757-1333 Telephone: 49.89.35757-1328
Press Release as PDF:
http://hugin.info/125064/R/1603661/507129.pdf
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Source: Linde AG via Thomson Reuters ONE
[HUG#1603661]
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Datum: 18.04.2012 - 07:16 Uhr
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