News Article
Gas companies combine forces
Air Liquide Electronics acquires Edwards Chemical Management
Division
Air Liquide Electronics U.S. has signed an agreement to purchase the major
part of the assets of the Chemical Management Division of Edwards Vacuum.
The acquisition is expected to close before the end of June, 2008, pending regulatory
approval and pending the satisfaction of certain closing conditions set forth in the
agreement.
Edwards’ Chemical Management Division, a provider of chemical equipment, is
focused on designing, manufacturing, and selling chemical and slurry dispensing
equipment, installations and services to leading semiconductors as well as Original
Equipment Manufacturers (OEMs) worldwide. With production based in Chanhassen,
Minnesota, in the United States, it employs about 120 people (including 20% in Asia
and Europe) and has annual sales of approximately US$50 million.
This acquisition will complement Air Liquide Electronics’ position in the high purity
fluid equipment and installation sector, particularly in the U.S. and in Asia. It will
reaffirm Air Liquide Electronics’ strategy to be a global supplier to the semiconductor, flat
panel display and photovoltaics industries around the world.
Christophe Fontaine, Vice President Electronics, Air Liquide Group, said: “This
acquisition will bring key complements to our current portfolio, especially allowing
us to cover the whole equipment and installation spectrum for ultra pure fluids
with the key players of the electronics industry.”
part of the assets of the Chemical Management Division of Edwards Vacuum.
The acquisition is expected to close before the end of June, 2008, pending regulatory
approval and pending the satisfaction of certain closing conditions set forth in the
agreement.
Edwards’ Chemical Management Division, a provider of chemical equipment, is
focused on designing, manufacturing, and selling chemical and slurry dispensing
equipment, installations and services to leading semiconductors as well as Original
Equipment Manufacturers (OEMs) worldwide. With production based in Chanhassen,
Minnesota, in the United States, it employs about 120 people (including 20% in Asia
and Europe) and has annual sales of approximately US$50 million.
This acquisition will complement Air Liquide Electronics’ position in the high purity
fluid equipment and installation sector, particularly in the U.S. and in Asia. It will
reaffirm Air Liquide Electronics’ strategy to be a global supplier to the semiconductor, flat
panel display and photovoltaics industries around the world.
Christophe Fontaine, Vice President Electronics, Air Liquide Group, said: “This
acquisition will bring key complements to our current portfolio, especially allowing
us to cover the whole equipment and installation spectrum for ultra pure fluids
with the key players of the electronics industry.”
