EOG Asia

B6-11, Menara Indah, Jalan 9 68000 Taman TAR, Selangor

Air Products acquires Air Liquide’s gases business in UAE and Bahrain

Air Products acquires Air Liquide's gases business in UAE and Bahrain

Air Products says that it has acquired Air Liquide’s industrial gases business in the UAE, including liquid bulk, packaged gases and specialty gases; and Air Liquide’s majority share in MECD, which owns and operates a liquid CO2 production facility in Bahrain. Financial terms are not being disclosed for the agreement.

“The acquisition builds on many years of good experience working in and serving customers in the Middle East and supports our growth strategy for the region,” commented Hamid Sabzikari, vice president and general manager, Air Products Industrial Gases Middle East, Egypt and Turkey.

“It is yet another example of how Air Products is building and strengthening its industrial gas business in the Middle East. In acquiring these businesses, we have further expanded our footprint and regional presence in the UAE and Bahrain, strengthened our product sourcing and reliability, and welcomed talented and dedicated people into our Middle East organisation who are passionate about serving local customers.”

Air Products had fiscal 2021 sales of US$10.3 billion from operations in 50 countries and has a current market capitalisation of over US$55 billion.

Share via
Copy link
Powered by Social Snap