Lincoln Electric in Talks to Acquire Air Liquide Welding
These exclusive negotiations are subject to a definitive agreement between the parties and other conditions.
Posted: March 14, 2017
Lincoln Electric Holdings, Inc. (Cleveland, OH) has announced that they have signed a memorandum of understanding (MOU) and entered into exclusive negotiations to acquire Air Liquide Welding (Cergy, France), a subsidiary Air Liquide (Paris, France). The proposed acquisition is subject to a definitive agreement between the parties and customary conditions and provisions for a transaction of this type, including the “information-consultation” process with the employee representative bodies and the applicable competition authorities’ approval. Because these parties have not yet reached a definitive agreement regarding the transaction, there can be no assurance that a definitive agreement will be entered into, or that a transaction will be consummated.
J.P. Morgan Securities LLC is acting as the financial advisor and Jones Day is acting as legal advisor to Lincoln Electric.
Subscribe to learn the latest in manufacturing.
Industry News
