Air Liquide completes acquisition Gasmedi in Spain

Air Liquide completes acquisition of Gasmedi in Spain

8:00 AM, 24th September 2012
Air Liquide completes acquisition of Gasmedi in Spain
Pascal Vinet, Executive Committee Member, Air Liquide.

PARIS, FRANCE: As announced on 19 July 2012 and following approval of the Spanish Competition Authority, Air Liquide has finalized acquisition of Gasmedi, for an enterprise value of €330 million.

Air Liquide has now gained full control of Gasmedi, the third largest player in Spain’s home healthcare sector. Gasmedi has more than 500 employees and takes care of 125,000 patients in 14 of Spain’s 17 regions. The company specializes mainly in home respiratory assistance (oxygen therapy and the treatment of sleep apnea). It’s 2011 revenues amounted to €82 million, up 13 per cent compared with 2010.

“We are delighted to welcome the new employees and to be able to rely upon their expertise and commitment. This acquisition is in line with our growth strategy in home healthcare; it will give us a leading position in Spain and confirm our leadership in Europe. Health is one of the group’s growth drivers,” said Pascal Vinet, Executive Committee Member, Air Liquide.

© WOC News

 

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