Linde India to acquire HPS Gases


Linde India has signed a business transfer agreement to acquire the packaged gases business of HPS Gases, one of Western India’s largest industrial gases companies.

Formalising the move on Monday (2nd August) Linde said it will purchase HPS Gases for an aggregate cash consideration of Rs.275 million ($3m).

As part of the acquisition, Linde will also enter into other agreements with the company.

In line with such agreements, Linde India will supply liquid products to HPS Gases and purchases gases in packaged and mini bulk under a long-term contract.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...