Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Air Water Inc.    4088   JP3160670000

AIR WATER INC.

(4088)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Air Water : Notice of Execution of the Business Transfer Agreement for the Acquisition of South Region Divestment Business from Linde India Limited

share with twitter share with LinkedIn share with facebook
share via e-mail
11/24/2019 | 10:23pm EDT

November 25, 2019

AIR WATER INC.

(Securities Code 4088) Listed on the First Section of TSE and SSE

Notice of Execution of the Business Transfer Agreement for the Acquisition of South

Region Divestment Business from Linde India Limited

Air Water Inc. ("AWI"), through its subsidiary in India, entered into a Business Transfer Agreement on November 22, 2019 to acquire the business of manufacture, sale and distribution of oxygen, nitrogen and argon operated in South India (hereinafter referred to as "South Region Divestment Business") of Linde India Limited (hereafter "Linde India") (hereinafter referred to as the "Acquisition").

1. Background of the Acquisition

On August 14, 2019 AWI announced in the "Notice of Conclusion of Term Sheet on the Acquisition of South Region Divestment Business from Linde India Limited", that it will acquire the South Region Divestment Business through its subsidiary in India.

After the execution of the binding term sheet (hereinafter referred to as the "Term Sheet"), approvals from the shareholders of Linde India and Competition Commission of India (hereafter "CCI") were received and subsequently, AWI entered into a Business Transfer Agreement with Linde India on November 22, 2019.

There is no change in the business to be acquired and acquisition price, etc. announced on August 14, 2019.

2. Acquiring Entity

The South Region Divestment Business will be acquired by Air Water India Private Limited (hereafter "AW India"), a subsidiary of Air Water group, and AWI will make an investment in AW India to provide it with part of the funds required for the Acquisition.

3. Schedule of the Acquisition

(1) Date of execution of the Term Sheet:

August 13, 2019

(2) Date of shareholders' approval (Linde India):

October 2, 2019

(3) Date of CCI approval:

October 21, 2019

(4) Date of execution of the Business Transfer Agreement:

November 22, 2019

(5) Date of the Acquisition:

December 17, 2019 (tentative)

4. Future Prospects

The Acquisition is expected to have a minor impact on our consolidated business performance for the period ending on March 2020. We will immediately inform you if we learn something we should disclose to the public.

――――[For inquiries on this subject, contact:]――――――――――――――――――――――――――――――――――――― Corporate Communications, Air Water, Inc.

Address: 12-8 Minami Semba 2-chome,Chuo-ku Osaka 542-0081 Japan. TEL. +81-6-6252-3966

Email: info-h@awi.co.jp

1

Disclaimer

AIR WATER Inc. published this content on 25 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2019 03:22:04 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AIR WATER INC.
03/30AIR WATER INC. : Ex-dividend day for final dividend
FA
03/05AIR WATER : Integrated Report 2019 (Year Ended March 31, 2019 )
PU
02/13AIR WATER : Consolidated Financial Results for the Third Quarter of Fiscal Year ..
PU
2019AIR WATER : Launches a Joint Venture for LP Gas Business with Pacific Petro Comm..
PU
2019AIR WATER : Notice of Completion of the Acquisition of South Region Divestment B..
PU
2019AIR WATER : Notice of Execution of the Business Transfer Agreement for the Acqui..
PU
2019AIR WATER : Overseas business strategy(2Q FY2019)
PU
2019AIR WATER : Consolidated Financial Results for the Second Quarter of Fiscal Year..
PU
2019AIR WATER INC : Ex-dividend day for interim dividend
FA
2019AIR WATER : Releasing 8K Surgical Microscope System “Micro eight ”
PU
More news
Financials (JPY)
Sales 2020 826 B
EBIT 2020 47 560 M
Net income 2020 30 320 M
Debt 2020 228 B
Yield 2020 2,59%
P/E ratio 2020 11,0x
P/E ratio 2021 10,4x
EV / Sales2020 0,70x
EV / Sales2021 0,67x
Capitalization 351 B
Chart AIR WATER INC.
Duration : Period :
Air Water Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIR WATER INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 1 710,00  JPY
Last Close Price 1 544,00  JPY
Spread / Highest target 32,8%
Spread / Average Target 10,8%
Spread / Lowest Target -6,74%
EPS Revisions
Managers
NameTitle
Kikuo Toyoda Chairman & Chief Executive Officer
Kiyoshi Shirai President, COO & Representative Director
Kiyotaka Nagai Executive Officer & Manager-Finance
Ryosuke Matsubayashi Director & Senior Manager-Engineering
Masato Machida Director & Vice President
Sector and Competitors
1st jan.Capitalization (M$)
AIR WATER INC.-1.23%3 245
LINDE PLC-16.96%87 974
AIR LIQUIDE-10.78%55 860
SAUDI BASIC INDUSTRIES CORPORATION0.00%54 710
AIR PRODUCTS & CHEMICALS-12.11%42 628
THE SHERWIN-WILLIAMS COMPANY-17.43%38 322