Air Liquide Completes the Sale of Aqua Lung to Montagu Private Equity
Regulatory News:
Air Liquide (Paris:AI) announced today that it has completed the sale of Aqua Lung, a key player in personal aquatic equipment
for recreational and professional use, to Montagu Private Equity, a leading European private equity firm. Montagu will support Aqua
Lung’s next phase of growth and enable the company to deliver on its strategy.
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.
The terms of the transaction have not been disclosed.
About Aqua Lung
Present in around 90 countries with approximately 1,000 employees, Aqua Lung is a key player in personal aquatic equipment for
recreational and professional use. Founded in 1946, Aqua Lung is a historical expert in SCUBA diving and has expanded its offering
to complementary areas such as swimming, aqua fitness and free diving. In 2015, Aqua Lung generated approximately €200 million in
revenue.
About Montagu Private Equity
Montagu Private Equity is one of Europe’s leading private equity firms. Founded in 1968, Montagu can look back on more than 45
years’ experience in investing in more than 400 transactions. Montagu has a strong track record of supporting portfolio companies,
dedicating significant resources to management teams as well as providing additional capital expenditure to fund further growth.
Montagu also has considerable expertise helping businesses to accelerate their growth in their home markets as well as to
internationalize and expand their customer base. The firm has assets under management of just over €5 billion.
The world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with
approximately 68,000 employees and serves more than 3 million customers and patients*. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Air Liquide’s ambition is to lead its industry, deliver long-term performance and contribute to sustainability. The company’s
customer-centric transformation strategy aims at profitable growth over the long term. It relies on operational excellence,
selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and
inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and
delivers greater value to all its stakeholders.
Air Liquide’s revenues amounted to €16.4 billion in 2015, and its solutions that protect life and the environment represented
more than 40% of sales. On 23 May 2016, Air Liquide completed its acquisition of Airgas, which had revenues amounting to $5.3
billion (around €4.8 billion) for the fiscal year ending 31 March 2016.
Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and belongs to the CAC 40 and Dow Jones Euro Stoxx 50
indexes.
* Following the acquisition of Airgas on 23 May 2016
www.airliquide.com
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Air Liquide
Corporate Communications
Caroline Brugier, +33 (0)1 40 62 50 59
or
Aurélie Wayser-Langevin, +33 (0)1 40 62 56 19
or
Investor Relations
Paris
+33 (0)1 40 62 50 87
or
Radnor
+1 610 263 8277
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