Air Liquide Divests Its Industrial Merchant Business in Saudi Arabia
Air Liquide has announced the sale of its Industrial Merchant business in Saudi Arabia to Abdullah Hashim Industrial Gases & Equipment Co. Ltd., Air Products' joint venture. This divestment complements the earlier sale of its UAE and Bahrain operations and aligns with Air Liquide's strategy of asset portfolio optimization. Approximately 228 employees will join the new organization. The company aims to enhance its market position in the Gulf Cooperation Council region, focusing on Large Industries and Healthcare, and capitalizing on clean hydrogen and energy transition opportunities.
- Transaction aligns with strategy to optimize asset portfolio.
- Focus on fast-developing areas like large industries and healthcare.
- Strengthens presence in the Gulf Cooperation Council region.
- None.
Air Liquide (Paris:AI) announces the sale of its Industrial Merchant business in
This divestment, which complements the sale announced in April of Air Liquide’s Industrial Merchant business in the
As a consequence of this divestiture, the 228 employees of this activity are now integrated within the
Air Liquide is well-positioned to further grow its already strong presence in the
A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 75 countries with approximately 66,400 employees and serves more than 3.8 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.
Taking action today while preparing the future is at the heart of Air Liquide’s strategy. With ADVANCE, its strategic plan for 2025, Air Liquide is targeting a global performance, combining financial and extra-financial dimensions. Positioned on new markets, the Group benefits from major assets such as its business model combining resilience and strength, its ability to innovate and its technological expertise. The Group develops solutions contributing to climate and the energy transition—particularly with hydrogen—and takes action to progress in areas of healthcare, digital and high technologies.
Air Liquide’s revenue amounted to more than
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