The Linde Group concludes the sale of non-BOC gases activities in the UK and component business of BOC Edwards
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The Linde Group has concluded the sale of Linde's non-BOC gases activities in the UK ("Linde Gas UK") to the worldwide industrial and medical gases company Air Liquide at an enterprise value of 105 million euro. Following the receipt of unconditional approval from the European Commission, the transaction was completed. This divestiture was one of the antitrust conditions imposed by the European Commission arising from the acquisition of The BOC Group plc by Linde which became effective on 5 September 2006.
The technology group has also concluded the sale of the component business of its subsidiary BOC Edwards to CCMP Capital, the international private equity firm. Following the receipt of unconditional approval from the relevant anti-trust authorities, the transaction was completed.
Following the acquisition of The BOC Group plc and the decision to concentrate on the international industrial gases and engineering business, Linde put BOC Edwards' component business (vacuum pumps and semiconductor components) up for sale. Linde will continue to develop the bulk and specialty gases businesses of BOC Edwards.
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