Air Liquide lines up Lurgi
GEA Group has sold its plant engineering subsidiary, Lurgi to France’s Air Liquide, a worldwide producer of industrial and medical gases, for €550m.

has sold its plant engineering subsidiary, Lurgi to
’s
, a worldwide producer of industrial and medical gases.
The disinvestment is based on an equity value of approximately €550m which is equivalent to an enterprise value of €200m, including the assumption of Lurgi’s cash position as well as its pension and similar liabilities. The transaction is subject to the approval of antitrust authorities.
According to a statement, the sale of its plant engineering subsidiary Lurgi, is another significant step in GEA Group’s repositioning of its portfolio. Together with last year’s sale of Fleissner, another engineering subsidiary, as well as the integration of the operating activities of Zimmer into the Lurgi Group, GEA Group has now almost completed the disposal of its plant engineering businesses.
Subsequently, GEA will focus its operating activities entirely on its mechanical engineering businesses, especially those that serve industries such as food and beverages, pharmaceuticals and power generation.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Construction industry lags in tech adoption
Are these the best people to ask "Insights from 2,000 Industry Leaders"? - what would their customers views be like (perhaps more...