Air Liquide is considering various options for the divestment of Air Liquide Welding, its welding activity

December 15, 2016

Air Liquide, which regularly reviews its business portfolio, is considering various options for the divestment of its subsidiary Air Liquide Welding, specialized in the manufacturing of welding and cutting technologies, with the intention to provide it with the best opportunities for its long-term development.

In this context, different scenarios are being reviewed, preference being given to discussions with an industrial partner.

There can be no assurance these scenarios will result in a divestment project. If such a project was confirmed, the employee representative bodies would be informed first and foremost.

Air Liquide is focused on its Gas & Services activities following the Group’s acquisition of Airgas, as well as on the implementation of its company program NEOS for the 2016-2020 period.

 

Air Liquide’s subsidiary, Air Liquide Welding is a key player in the manufacturing of welding and cutting technologies. Air Liquide Welding, which has approximately 2,000 employees across the world, has generated in 2015 a turnover around €360 million. It offers, through several internationally well known brands (SAF-FRO and OERLIKON in the industrial field, CEMONT for professionals…), a large range of related equipment, consumables and services on the market.

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