French industrial gas supplier Air Liquide SA said Tuesday it had begun exclusive talks to sell its scuba diving-equipment-making unit Aqua Lung to Montagu Private Equity.
Air Liquide and Montagu didn’t disclose the price under negotiation.
The sale is part of an asset restructuring at Air Liquide following its $13 billion acquisition of U.S. rival Airgas earlier this year.
Aqua Lung, which was founded in the 1940s by the late French conservationist Jacques-Yves Cousteau, has 1,000 employees in around 90 countries. Its revenue in 2015 totaled 200 million euros ($224 million).
By Inti Landauro
Source: Market Watch
Neste has bought the European rights for Alterra Energy’s liquefaction technology, strengthening its chemical recycling capabilities. Alterra is a US-based company that has developed a thermochemical solution for liquefying difficult-to-recycle plastics.
Lonza appoints Maria Soler Nunez as Head, Group Operations. Maria joins Lonza from Novartis where she has led the quality organization since 2020. Maria will commence her tenure with Lonza Group on 1 August 2022, succeeding Stefan Stoffel, who is retiring from Lonza.
AkzoNobel has announced that Gregoire Poux-Guillaume will become the company’s new Chief Executive Officer (CEO) as of November 1, 2022. He will succeed Thierry Vanlancker, who has been CEO and member of the Board of Management since 2017, and whose term of office is coming to an end.