With a presence on the continent for over 90 years, 1,600 employees and 700 million euros invested in the last three years, Air Liquide is a major industrial and medical gas player in Africa. In Nigeria, Air Liquide is a major industrial and medical gases company and was listed on the Nigerian stock exchange.
Air Liquide completed the sale of its subsidiary in Nigeria to Oak Heirs Ltd, a Nigerian family trust. This M&A transaction enables Oak Heirs to invest in the Nigerian subsidiary and develop additional production capacities to meet the growing demand for industrial gases, particularly in Port Harcourt where the company is a key supplier to the Oil & Gas industry.
About Air Liquide
Air Liquide is a global leader in gases, technologies, and services for the industrial and healthcare sectors. Operating in 60 countries, the Group employs over 65,000 people and generates more than €27 billion in revenue. Since its founding in 1902, Air Liquide has specialized in essential molecules such as oxygen, nitrogen, and hydrogen, which are fundamental to industry and healthcare. Today, the Group serves over 4 million clients and patients worldwide.
About Oak Heirs Ltd.
Oak Heirs Ltd. is a Nigerian family trust founded and managed by Gbotemi Kuti, a seasoned entrepreneur who is already invested into several sectors such as real estate and childcare in Nigeria and North America.