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New Deal


Announced

Air Liquide and TotalEnergies to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Joint Venture

hydrogen stations

France

Auto Services

Acquisition

Domestic

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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Air Liquide, an industrial gases company, and TotalEnergies, a multi-energy corporation, agreed to form a joint venture to create TEAL Mobility, a hydrogen station network for trucks. Financial terms were not disclosed. TEAL Mobility aims to develop more than 100 hydrogen stations over the next decade, creating the first transnational European network of this size - under the TotalEnergies brand. TEAL Mobility will be operating around 20 stations in France, the Netherlands, Belgium, Luxemburg and Germany from 2024.

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