20 years of industrial gas M&A, Part 2: The movers & shakers shaping the future


One of the most striking indicators of the change and growth in the global gases industry over the last 20 years, has been the array of M&A that has taken place.

In many respects, this is a story as old as the industry itself. Throughout the past century, there has inevitably – and naturally – been periods of acquisition activity, mergers of like-minded innovators, and the arrival of new entrants in the supply chain. It’s the natural evolution of any business and any industry.

What has been observed since the turn of this century, however, is a definite proliferation of that M&A up and down the value chain.

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