The Hungarian outfit of industrial gas giant, Messer, has officially completed the transaction and gained the relevant approvals to acquire Air Liquide’s business in Hungary.
Messer Hungarogáz Kft. has acquired all of Air Liquide Hungary Ipari Gáztermelő Kft.’s fixed assets in the exchange, which was effective as of 31st May 2016.
The assets include an on-site air separation unit (ASU), two nitrogen (N2) generators and a gas cylinder filling plant, along with tankers, customer tanks and steel cylinders. 50 employees will also transfer from Air Liquide’s Hungarian business to the new company.
It is understood that the two corporations will eventually merge and integrate under the new name Messer Iparigáz Kft, but day-to-day operations will continue to exist unchanged in the meantime.
The two companies complement each other ideally in terms of their activities and their organisational, operational and production structures
Stefan Messer, CEO of the Messer Group, enthused, “The two companies complement each other ideally in terms of their activities and their organisational, operational and production structures. We see many synergies and positive effects with respect to production, logistics, sales and customer supply.”
“Taking over Air Liquide Hungary Ipari Gáztermelő Kft. will enable us to enhance the reliability and flexibility of gas supply, shorten the delivery routes and increase our proximity to our customers and partners.”
Messer’s 100% ownership of the newly united corporation will further strengthen its market position in the Hungarian industrial gas market by buying and combing resources.
This acquisition fits into the growth and development strategy launched by Messer in recent years, with plans to launch a new air separation unit (ASU) in Tiszaújváros and and to increase CO2 production capacity at its plant in Ölbő in the pipeline.
Messer Hungarogáz operates an ASU, an acetylene plant, a specialty gases plant, two hydrogen (H2) production plants and several gas cylinder filling plants. Its ‘European Control Centre’ in Budapest monitors and controls a total of 29 on-site plants. Messer Hungarogáz has been active on the Hungarian industrial gases market since 1989 and is one of the country’s leading industrial gas producers.