Air Products (APD) Tops Q4 EPS by 1c, Revenue Miss; Provides FY19 EPS Outlook

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Air Products (APD) to Acquires Gasification Business from GE (GE)

November 5, 2018 1:08 PM EST

Air Products (NYSE: APD) today announced it has signed an agreement to acquire General Electric Company's (NYSE: GE) gasification business. This transaction will allow Air Products to expand its synthesis gas (syngas) solutions product offerings and its presence in build, own and operate gasification projects around the world.

Financial terms of the transaction are not being disclosed. The acquisition is expected to close following the receipt of any necessary regulatory approvals and satisfaction of customary closing conditions.

"Acquiring GE's gasification technology and business would complement our other recently... More