Linde buys Turkish gas producer


Industry giant Linde has acquired the Turkey based industrial gases company, Birlesic Oksijen Sanayi A.S. (BOS), a subsidiary of the KOC group, at an enterprise value of approximately €92m ($123m).

BOS operates with industrial and speciality gases and in fiscal year 2006, BOS generated sales of approximately €30m ($40.2m) and employs a staff of around 180. Following the acquisition of Karbogaz A.S. in July 2006, the takeover of BOS is the second major transaction in Turkey by Linde.

$quot;With this acquisition we complement our product range in the important strategic market Turkey and at the same time strengthen our position for supplying the neighbouring markets of the Middle East$quot;, said Dr Aldo Belloni, member of the Executive Board of Linde AG.

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