Dominion Technology Gases has been acquired by Taiyo Nippon Sanso Corporation (TNSC) and will form part of the new NIPPON GASES Europe.
As part of the Linde-Praxair mega-merger, Japan’s TNSC will acquire the majority of Praxair’s European business assets.
Nippon Gases Europe will retain the assets, the organisation, employees and management of the Scotland-based company, which specialises in diving gases.
Dominion, which was part of the European industrial gas business of the US-based Praxair Inc., supplies diving, welding, industrial, laboratory and calibration gases and associated equipment to the offshore oil and gas industry.
“TNSC, already very well positioned in Japan, South East Asia and the United States, becomes today (5th December), through the acquisition of our company, part of the Elite of the European Gases Industry,” said Eduardo Gil, president of Nippon Gases Europe.
“Nippon Gases Europe is one of the four major industrial gases companies in Europe, while the TNSC group is also one of the top four globally. This investment of the TNSC group in Europe is the beginning of the journey in Europe since the group is looking forward to analyse additional growth opportunities.”
Nippon Gases Europe employs approximately 2,600 workers, servicing more than 100,000 customers and has a diversified involvement in broad industries such as healthcare, food, manufacturing, metallurgy, chemical products, electronics and energy.
Dominion was acquired by Praxair in 2013.