IRIS CF acted as M&A advisor to the shareholders of Cryo Beheer B.V. (Cryotainer) in the process of selling 100% of the shares. This process led to a sale to Air Liquide S.A.


Cryo Beheer B.V., founded in 2004, has grown to become one of the West-European key players in the nitrogen services market. Cryotainer has an extensive and versatile fleet comprising around 20+ cryogenic tank containers and auxiliary equipment which can be deployed in the optimal configuration for each individual nitrogen services project.

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Air Liquide

Air Liquide S.A. is a French listed CAC 40 multinational company which supplies industrial gases and services to various industries including medical, chemical and electronic manufacturers. Air Liquide is the word’s first largest supplier of industrial gases by revenues (ca. €18,1 billion in 2016), is present in over 80 countries and employing over 67.000 employees.

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Strategic rationale

The acquisition of Cryotainer fits perfectly in the company’s growth strategy in Europe. Air Liquide will benefit from an enlarged portfolio of (cryogenic) equipment and services to develop a leading position in gas related services in Europe.

More information can be found at: Press release Air Liquide