The Linde Group has acquired the Russian company SaKiZ (ZAO Samarsky Oxygen Plant), a regional supplier of technical gases, located in the south Russian city of Samara.
The company employs more than 200 people and produces and sells air gases (nitrogen, oxygen, carbon dioxide, helium and argon), both in liquefied and gaseous form. SaKiZ is the market leader in the quickly growing economy of the Volga region.
$quot;This acquisition is part of our growth strategy in the increasingly important eastern European markets$quot;, says Dr Aldo Belloni, member of the executive board of Linde AG. $quot;We will continue to improve our market position in Russia with specific investments.$quot;
Terms of the transaction were not disclosed.