Air Liquide to acquire Spain’s Gasmedi in €330m deal

19 July 2012 19:19  [Source: ICIS news]

LONDON (ICIS)--Air Liquide has agreed to acquire Spanish medical gases firm Gasmedi in a deal valued at €330m ($402m), the France-based international industrial gases major said on Thursday.

Air Liquide said the acquisition of Gasmedi would further strengthen its business in the healthcare sector.

Gasmedi is specialised in home respiratory assistance, including oxygen therapy and the treatment of sleep apnea. It also produces and distributes medical gases to hospitals and clinics.

Gasmedi has more than 500 employees. It had revenues of €82m last year.

“This acquisition will strengthen our position in home healthcare in Spain, where Air Liquide is already present“, said Pascal Vinet, vice president of Air Liquide’s global healthcare operations.

Air Liquide expects to complete the acquisition in the fourth quarter of 2012.

Earlier this month, Germany-based industrial gases major Linde agreed to acquire US medical gases and respiratory healthcare firm Lincare in a $4.6bn deal.

($1 = €0.82)

By: Stefan Baumgarten
+1 713 525 2653

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