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Air Liquide sells its business in Trinidad and Tobago

Air Liquide announces the sale of its business in Trinidad and Tobago to Massy Gas Products Holding Ltd.
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Air Liquide announces the sale of its business in Trinidad and Tobago to Massy Gas Products Holding Ltd.

Transfer of activity

Air Liquide says this decision is part of the company’s strategy to review its business portfolio. However, the 30 employees of this activity will keep their jobs. Indeed, Massy Gas Products Holding Ltd integrates the employees following this transaction.

This transaction illustrates the Air Liquide Group’s strategy of regularly reviewing its business portfolio. Indeed, the company is seeking to refocus on certain geographies and activities with strong development potential. Thus, the company is positioning itself to strengthen its presence in Latin America.

Overall performance

Air Liquide aims to seize emerging opportunities in the field of energy transition on a South American scale. In particular, the company is turning to hydrogen energy by drawing on the region’s abundant natural resources. In addition, the finalization of this agreement is subject to the approval of the Trinidad and Tobago competition authorities.

The French company operates in 75 countries with 66,400 employees and has more than 3.8 million customers. In addition, with its ADVANCE 2025 strategic plan, Air Liquide is on a global performance trajectory. The Group is working for progress in the fields of health, digital technology and high technology.

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