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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Air Liquide    AI   FR0000120073

AIR LIQUIDE (AI)
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Air Liquide :  Liquide announces a major Healthcare acquisition in Japan

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09/26/2017 | 07:10pm CEST

Air Liquide is expanding its healthcare business in Japan with the acquisition of Sogo Sangyo Kabushiki Kaisha ('SSKK'), a major Japanese player with a strong presence in the home healthcare and medical gases markets especially in the Tokyo region.

Present in the Japanese market for 60 years, SSKK is specialized in the medical gases field serving more than 2,000 hospitals and clinics and home treatment for patients suffering from respiratory diseases including: sleep apnea, Chronic Obstructive Pulmonary Disease and chronic respiratory failure. This acquisition represents a major development of the Healthcare activity locally where it increases the number of patients served at home by Air Liquide in Japan to reach 20,000.

Well known for its medical staffs' know-how, SSKK has more than 150 employees and generated revenue of approximately €27 million in 2016. Air Liquide will rely on the commitment of the teams in place to pursue the development of SSKK business.

Worldwide, Japan now ranks as the third-largest Respiratory Home Healthcare market after the US and France. Home Healthcare services in Japan are expected to continue increasing, supported by a robust healthcare system and social welfare coverage reaching almost 100% of the population.

With this acquisition, Air Liquide strengthens its footprint in Japan both in medical gases to hospitals and in home healthcare business.

François Jackow, member of the Air Liquide Group's Executive Committee, supervising the Healthcare activities, said: 'With this acquisition Air Liquide pursues the development of its Healthcare activity in a growing Asian market that benefits from a strong potential. We are delighted to welcome SSKK's teams in Air Liquide Group. Thanks to their know-how combined with Air Liquide expertise, we will deliver greater value to healthcare professionals and patients. This acquisition, which allows us to develop our activities in Japan, will also fuel our future growth'.

Air Liquide Healthcare

Air Liquide supplies medical gases, home healthcare services, hygiene products, medical equipment and specialty ingredients. In 2016, it served over 15,000 hospitals and clinics and more than 1.4 million patients at home throughout the world. The Group's Healthcare business reached €3,111 million in revenues in 2016, with the support of its 15,000 employees.

Air Liquide in Japan

was established in 1907 in Japan, Air Liquide now serves 15,000 customers across the country, particularly in Electronics, thanks to its 2,000 employees. The Group also has a Research and Technology Centre in Tsukuba (near Tokyo) and an Engineering center in Kobe. Japan serves as a technology & research base for Air Liquide in Asia and beyond.

Air Liquide SA published this content on 26 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 September 2017 17:09:01 UTC.

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Financials (€)
Sales 2017 20 547 M
EBIT 2017 3 456 M
Net income 2017 2 007 M
Debt 2017 14 760 M
Yield 2017 2,38%
P/E ratio 2017 21,49
P/E ratio 2018 19,35
EV / Sales 2017 2,90x
EV / Sales 2018 2,76x
Capitalization 44 774 M
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Mean consensus HOLD
Number of Analysts 25
Average target price 99,4 €
Spread / Average Target -4,9%
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NameTitle
Benoît Potier Chairman & Chief Executive Officer
Fabienne Lecorvaisier Chief Financial Officer & Vice President
François Darchis SVP-Innovation, Digital, Science & Technologies
Pierre Dufour Director
Karen L. Katen Independent Director
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