Azelis Group was established by the merger of Novorchem (Italy), and Arnaud (France) in 2001. In 2004, Azelis acquired Benelux companies: Sibeco Group and Sepulchre. In 2005, Azelis acquired a chemical distributor Brøste from Denmark. In December 2006,
3i global finance house bought the Azelis Group from
Cognetas (now Motion Equity Partners) for over €300 million. As of 2011, the company had 36 companies under its brand name. In 2021, Azelis Group was listed on Euronext Brussels through an IPO, having raised €1.77 billion with a market capitalization of €6.08 billion.
Bloomberg noted that it was the biggest Belgian IPO since 2007. In 2022, Azelis Group made 12 acquisitions and exceeded $4 billion in turnover. == References ==