Air Liquide, a leading industrial gases company, has announced its initiation of exclusive negotiations with Safran Aerosystems for the potential sale of its oxygen and nitrogen aerospace technology activities, with the exception of marine cryogenic operations. These activities, developed since 1983 on the Campus Technologies Grenoble site, cater to the aerospace market by providing on-board gases and associated equipment.Currently, the oxygen and nitrogen aerospace technology operations comprise a team of 218 employees based at the Campus Technologies Grenoble in France. The focus lies on portable oxygen breathing equipment, on-board oxygen and nitrogen generation, storage and distribution solutions, as well as ground support and optronics activities.While divesting these aerospace technology activities, Air Liquide will continue to operate its remaining advanced Technologies divisions located at the Campus Technologies Grenoble. Furthermore, the company will retain the capability to supply hydrogen cryogenics technologies to the aerospace industry, ensuring its ongoing commitment to the sector.This decision aligns with Air Liquide's strategy of regularly evaluating its business portfolio to prioritize key activities and territories, ultimately enhancing overall performance and focus.The completion of this transaction, anticipated to occur in early 2024, is contingent upon the finalization of a definitive agreement between the parties. The process will adhere to regulatory requirements and involve ongoing dialogue with employee representative bodies.Optronics, a field combining optics and electronics, encompasses an optical sensor, an image processing system, and a display or memory system. It finds application in equipment or systems utilizing both optics and electronics.