Baker & McKenzie advised Air Liquide on the acquisition of a majority stake in the Optimal Medical Therapies Group (OMT), a leading German player in home healthcare services for patients in Germany suffering from chronic illnesses requiring infusion therapy. The transaction was closed at the beginning of 2015.
With this transaction Air Liquide has strengthened the development of its home healthcare activity in Germany. Air Liquide is a leading provider of infusion therapy in France and Northern Europe.
Baker & McKenzie advised Air Liquide on all relevant legal issues of the transaction with a team in Frankfurt and other Baker & McKenzie offices under the lead of Frankfurt partner Dr. Florian Kästle. At the end of 2014, the Baker team had already advised the Air Liquide-Group on the sale of its polymer technology business to the French plant engineering company Technip.
Dr. Florian Kästle, lead partner on the transaction, comments: "With the negotiations we were able to build bridges between the innovative founders of OMT and Air Liquide as an international player in the healthcare sector, so that this important transaction for our client Air Liquide could be brought to closing in a timely manner“.
The Air Liquide Group is the world leader in gases, technologies and services for industry and health. OMT, which has 45 employees, provides home healthcare services for around 5,000 patients and generated annual revenues of 28 million euros in 2013.
Baker & McKenzie's Corporate/M&A team regularly advises strategic investors on cross border transactions and reorganizations. Most recently, Baker & McKenzie advised Telefónica / E-Plus on its sale of yourfone to Drillisch, Flowserve Corporation on a bid for the acquisition of SIHI-Group, HOCHTIEF on the sale of its property management business to vincitag group, Heidelberger Druckmaschinen on a strategic Partnership with a Chinese manufacturer, Clariant on the sale of its Energy Storage business to Johnson Matthey Plc as well as Meibah International GmbH on the public takeover of Schumag AG.
