Air Liquide is accelerating its growth in the Turkish market with the acquisition of Messer Aligaz Sanayi Gazlari, a subsidiary of fellow Tier One company Messer Group GmbH.
Messer Aligaz provides industrial, medical and specialty gases to a range of industries in Turkey, generating revenue of around €9m ($10.1m) in 2014.
The activities of Messer Aligaz, mainly focused on the Industrial Merchant segment, are located in the highly industrialised regions of the Marmara and the Aegean. The company owns and operates an air separation unit (ASU) for the production of liquid oxygen, nitrogen and argon, and three cylinder filling centres.
With this acquisition, Air Liquide enters the Marmara region and will now be present in the three main industrial areas of the country: Ankara, Istanbul and Izmir. This purchase is part of continued investments by Air Liquide in Turkey; since 2011, the group has already invested in two production sites in Ankara and Izmir and, according to gasworld Business Intelligence, has in very quick order built up a sizeable onsite business in a market valued at $320m last year (2014).
Christophe Chalier, Vice-President, Eastern Europe of Air Liquide, commented, “Turkey is a growing economy, which has significantly invested in many industrial fields. This acquisition will further strengthen our overall presence in this country, allowing Air Liquide to better serve its customers.”
“It also illustrates our commitment to Turkey. We are pleased to welcome the employees of Messer Aligaz.”
News of Air Liquide’s buyout of Messer Aligaz came on a busy day for acquisition activity in the gases industry.
On the same day, Messer GmbH itself purchased 100% of the shares in Air Liquide Hungary Ipari Gáztermelő Kft, and Praxair Inc. secured a deal to not only acquire Yara International’s European carbon dioxide business but also take full control of the Yara Praxair Holding AS industrial gas joint venture in Scandinavia, acquiring Yara’s remaining 34% stake in the company.