Germany’s Linde to buy US Air Products’ homecare business

09 January 2012 14:31  [Source: ICIS news]

LONDON (ICIS)--German industrial gases firm Linde Group has signed an agreement to buy US-based Air Products’ homecare business for an enterprise value of €590m ($746.8m), Linde said on Monday.

The transaction includes Air Products’ homecare operations in Belgium, France, Germany, Portugal and Spain with around 850 employees.

“With this transaction, we are expanding our competencies and scaling up our product and service offering, delivering quality care to around 260,000 additional patients,” said Linde CEO Wolfgang Reitzle.

“The acquisition will improve our position in a structural growth market, and will make us one of the market leaders in the European respiratory homecare business.”

Homecare is the term applied to medical services relating to the treatment of patients in settings other than hospitals. It includes respiratory services, such as oxygen therapy, sleep therapy and ventilation services.

($1 = €0.79)

By: Leigh Stringer
+44 208 652 3214

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