Air Liquide is accelerating its growth in the Turkish market with the acquisition of Messer Aligaz Sanayi Gazlari, a subsidiary of fellow Tier One company Messer Group GmbH.
Messer Aligaz provides industrial, medical and specialty gases to a range of industries in Turkey, generating revenue of around €9m ($10.1m) in 2014.
The activities of Messer Aligaz, mainly focused on the Industrial Merchant segment, are located in the highly industrialised regions of the Marmara and the Aegean. The company owns and operates an air separation unit (ASU) for the production of liquid oxygen, nitrogen and argon, and three cylinder filling centres.
With this acquisition, Air Liquide enters the Marmara region and will now be present in the three main industrial areas of the country: Ankara, Istanbul and Izmir. This purchase is part of continued investments by Air Liquide in Turkey; since 2011, the group has already invested in two production sites in Ankara and Izmir and, according to gasworld Business Intelligence, has in very quick order built up a sizeable onsite business in a market valued at $320m last year (2014).
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