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Messer & CVC acquire parts of Linde and Praxair American business

Steel News - Published on Tue, 12 Mar 2019

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Industrial gases specialist Messer did acquire the majority of Linde AG’s gases business in North America and certain Linde and Praxair business activities in South America with effect from 1 March 2019 in a joint venture, called Messer Industries GmbH, with CVC Capital Partners Fund VII. Messer Industries is investing a total of around USD 3.6 billion. Messer is contributing the majority of its Western European companies to the joint venture. Messer Group is contributing the majority of its Western European companies in Benelux, Denmark, Germany, France, Spain, Switzerland and Portugal as well as its Algerian entity to the joint venture. In these around 830 employees generated sales of 339 million euros and EBITDA of 54 million euros for Messer Group GmbH in 2018.

In creating this strategic partnership, Messer returns to the North and South American markets, will turn into a global player in this sector and consolidate its position as the largest family-run industrial gases specialist worldwide.\

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Posted By : Rabi Wangkhem on Tue, 12 Mar 2019
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