Air Liquide exits diving equipment | Chemical & Engineering News
Volume 95 Issue 2 | p. 12 | Concentrates
Issue Date: January 9, 2017

Air Liquide exits diving equipment

Department: Business
Keywords: mergers & acquisitions, diving equipment, diving equipment
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Aqua Lung started as a provider of underwater breathing devices.
Credit: Aqua Lung
A photo of a deep sea diver wearing underwater breathing gear.
 
Aqua Lung started as a provider of underwater breathing devices.
Credit: Aqua Lung

Air Liquide has sold Aqua Lung, a diving equipment maker founded by French deep-sea explorer Jacques Cousteau and Air Liquide engineer Émile Gagnan, to Montagu Private Equity. The 70-year-old firm has annual sales of more than $200 million and 1,000 employees. Air Liquide says it wants to focus on integrating the industrial gases firm Airgas, which it recently purchased for more than $10 billion.

 
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