Air Liquide has acquired an 80% stake in French refrigeration company Cryoconcept.
Founded in 2000 as a spin-off from CEA, Cryoconcept has 14 employees specialised in the field of very deep refrigeration using dilution refrigeration, based on the use of helium-3 and helium-4.
Announced today, the transaction will strengthen Air Liquide’s expertise, allowing it to offer its customers a complete range of products and services across the entire cold chain.
The transaction will also accelerate the development of Cryoconcept’s activities.
Emilie Mouren-Renouard, Member of the Air Liquide Executive Committee, in charge of Innovation, Digital & IT, Intellectual Property and Global Markets & Technologies World Business Unit, said, “We are delighted to welcome Cryoconcept employees to Air Liquide.”
“Their skills, combined with Air Liquide’s expertise in very low temperatures, will enable us to offer our customers an ever more comprehensive range of products and services. This approach also illustrates the commitment of our teams to push back the frontiers of science and technology through breakthrough innovations to meet the needs of tomorrow’s world.”