Air Liquide Partners With Rothschild & Co and the Solar Impulse Foundation to Accelerate the Development of Cleantech Solutions
27 Maggio 2021 - 09:14AM
Dow Jones News
Regulatory News:
Air Liquide (Paris:AI) partners with Rothschild & Co and the
Solar Impulse Foundation ("SIF") to launch a 200 million euro
growth, buyout & late stage venture investment fund. This
vehicle's strategy will be to scale up companies that develop
environment-friendly solutions.
Early this year, the Solar Impulse Foundation announced that it
had identified more than 1,000 profitable solutions that could
contribute to protect the environment. In a context where Air
Liquide announced its ambition to be carbon neutral by 2050, Air
Liquide has decided to partner with Rothschild & Co and the
Solar Impulse Foundation to develop a new investment platform. It
will be focused on companies demonstrating a positive measurable
impact on the environment and society across Europe. Target sectors
will include clean energy, sustainable food and agriculture,
circular economy, clean water and sanitation, smart cities,
sustainable mobility, and industrial innovation.
The 200 million euro platform will be managed by Rothschild
& Co's Merchant Banking business and will be advised by Air
Liquide, through its Venture Capital Arm ALIAD, on Late Stage
Venture investments.
Air Liquide has been partnering with Bertrand Piccard and the
Solar Impulse Foundation since 2013 with the first successful
round-the-world solar-powered flight. In the past few years, the
need for a cleaner future has gained momentum. In this context, Air
Liquide has recently announced its new ESG objectives to ACT for a
Sustainable future. This new initiative will enable the Group to
accelerate Energy Transition. Since its inception in 2013, ALIAD
has invested in more than 35 companies for a total capital
committed of nearly 100 million euros, with around one third of
ALIAD investments made in the impact field.
Benoît Potier, Chairman and CEO of Air Liquide, said:
"Sustainable development is at the heart of Air Liquide's strategy.
With this initiative, led through ALIAD, its venture capital arm,
Air Liquide aims to foster the development of technologies in line
with its global ambition to ACT for a sustainable future. We are
delighted to be able to contribute with Air Liquide's expertise to
the emergence of innovative companies in the impact field,
alongside Rothschild & Co and the Solar Impulse Foundation, of
whom we have been a long-standing partner. We are convinced that it
is only by acting together with governments, academics, industries,
and financial institutions, that we will be able to succeed and
build a more sustainable future."
Alexandre de Rothschild, Executive Chairman of Rothschild &
Co said: "We are delighted to partner with Air Liquide and the
Solar Impulse Foundation in this initiative. At the core of
Rothschild & Co's strategy is the strong belief in the benefits
of responsible investing for long-term value creation. We believe
that our strong track record of private equity investing, developed
in our Merchant Banking business for over a decade, will be
enhanced by the expertise brought by our partners in this exciting
venture".
Bertrand Piccard, Founder and Initiator of the Solar Impulse
Foundation said: "We've proven that over 1000 profitable solutions
exist to protect the environment. Now we need to show that
investing in new and clean technologies makes both economic and
ecological sense, fostering qualitative growth rather than the
quantitative growth we see today. To achieve this, we've partnered
with reputable institutions with whom we have long-standing
relationships and are willing to embark with us on this pioneering
journey."
ALIAD Created in 2013, ALIAD (Air Liquide Venture Capital) aims to take
minority stakes in innovative technology start-ups in three sectors: energy
transition, health and digital. ALIAD positions itself on the technologies of
the future by supporting the development of start-ups, through its industrial
and technological experience and its knowledge of customers around the world.
These investments are accompanied by the implementation of technological
and/or business agreements between these new companies and the entities of the
Air Liquide Group.
A world leader in gases, technologies and services for Industry and Health,
Air Liquide is present in 78 countries with approximately 64,500 employees and
serves more than 3.8 million customers and patients. Oxygen, nitrogen and
hydrogen are essential small molecules for life, matter and energy. They
embody Air Liquide's scientific territory and have been at the core of the
company's activities since its creation in 1902. Air Liquide's ambition is to
be a leader in its industry, deliver long term performance and contribute to
sustainability - with a strong commitment to climate change and energy
transition at the heart of its strategy. The company's customer-centric
transformation strategy aims at profitable, regular and responsible growth
over the long term. It relies on operational excellence, selective
investments, open innovation and a network organization implemented by the
Group worldwide. Through the commitment and inventiveness of its people, Air
Liquide leverages energy and environment transition, changes in healthcare and
digitization, and delivers greater value to all its stakeholders. Air
Liquide's revenue amounted to more than 20 billion euros in 2020. Air Liquide
is listed on the Euronext Paris stock exchange (compartment A) and belongs to
the CAC 40, EURO STOXX 50 and FTSE4Good indexes
www.airliquide.com
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CONTACT: Corporate Communications
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
SOURCE: Air Liquide
Copyright Business Wire 2021
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May 27, 2021 03:00 ET (07:00 GMT)
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