The largest privately-owned industrial gases company Messer has become the sole owner of Messer Industries having acquired all shares in the company from minority owner CVC Capital Partners Fund VII.
Announced today, 14th November, the takeover will also involve GIC – a global institutional investor – becoming Messer’s new strategic partner as a long-term minority shareholder.
According to the company, the deal is part of an overarching plan to bring together its global activities under one roof to implement a sustainable growth strategy as an integrated gases specialist.
The acquisition marks the end of the partnership between Messer and CVC Capital Partners (CVC) on the previous joint venture, which comprised Messer’s companies in North and South America in addition to Western Europe.
Messer began the takeover process in May of this year when it announced its intention to acquire all shares in the business from CVC.
Read more:Messer takes on full ownership of joint venture Messer Industries
With the now approved partnership with GIC and the full acquisition of Messer Industries, Bernd Eulitz, CEO of Messer, sees an opportunity for the company to open a new chapter in its 125-year corporate history.
“As a gases group successful in Asia, Europe and the Americas, we will be even stronger and drive forward our ambitious plans with GIC as our new partner. Messer has enormous potential with its 11,000 employees worldwide. We want to move closer to the big players in the industry as the number one challenger,” enthused Eulitz.
Global growth
The move is set to bolster the company’s aim to take advantage of major opportunities in all its global business areas and to expand its focus on collaboration in the wake of the green energy transition.
Some of these major opportunities lie in the Asia Pacific (APAC) region, a long-standing powerhouse of the global gases business.
Brimming with possibilities – some of which remain untapped – APAC presents a wealth of potential for not only the established industrial gases sector, but also for businesses looking to harness the full capacity of the ever-evolving energy transition.
Against this backdrop of opportunity, gasworld will host its APAC Industrial Gases Conference 2023 next month from 5th – 7th December at the Renaissance Kuala Lumpur Hotel & Convention Centre in Malaysia.
Former Messer CEO and recently appointed Chairman of the Supervisory Board at Messer Management SE, Stefan Messer, will deliver a keynote speech at gasworld’s APAC Industrial Gases Conference 2023
To be held under the theme of ‘Delivering On The Promise of Growth’, the event will feature Messer Management SE’s own Chairman of the Supervisory Board, Stefan Messer, as keynote speaker.
Having stepped back as CEO of the Messer Group in April, 2023, Stefan Messer is the third-generation shareholder and is considered by many to be one of the most recognised names and faces in the global gases industry.
“Stefan Messer has been shaping the company for decades, helping to make it what it is today: a financially healthy and highly respected global firm that is shaped by family – a company whose success is due not least to its sound fundamental values,” said Eulitz, who paid respect to the pioneering work of Stefan Messer earlier this year.
Decarbonisation and how the Asia-Pacific region pragmatically delivers against its sustainability needs in the near-term will be in focus at gasworld’s Asia-Pacific Industrial Gases Conference 2023 in Kuala Lumpur, Malaysia this December. Join gasworld for its show-stopper 2.5 day event at the Renaissance Hotel & Convention Centre in Kuala Lumpur, Malaysia under the theme of Delivering On the Promise of Growth. Taking place from 5-7 December 2023, the conference will tackle China’s clean energy and industrial gas build-out, the hydrogen society in the APAC region, the practical means of delivering decarbonisation in emerging economies in the short-term, the economic climate in Asia-Pacific and the local industrial gas markets, electronics and specialty gases in Southeast Asia, and so much more besides. To attend, sponsor and for more information, visit https://bit.ly/GWAPACSITE23
