The management of Chemogas NV, a leading international provider of packaged chemical gases and related services, and Gilde Equity Management (GEM) Benelux have announced the agreement to acquire the company from The Linde Group.
Chemogas has been part of The Linde Group since 1990 and is active in the filling, blending, and worldwide marketing and distribution of chemical gases.
Under the new management buy-out, Chemogas will continue its activities independently under the Chemogas name.
CEO Dirk Battig described the delight of both himself and his management team at the new partnership with Benelux-based private equity firm GEM. “Chemogas has been a leading player in the packaged chemical gases industry for over 40 years. Partnering with Gilde is a major milestone in the history of Chemogas and I’m confident that, backed by Gilde’s strong experience in building leading companies, Chemogas will continue its successful international growth path.”
Looking to the company’s future direction, he added, “Our strategy of tapping into new product segments and targeting new geographies, fuelled by a growing market share of ethylene oxide for the global sterilisation market, will enable Chemogas to further strengthen its leading position as international reference supplier of packaged specialty gases. We are excited to take on these next steps together with Gilde.”
Closing of the transaction is still subject to the completion of customary closing conditions.