Air Liquide acquires Lentechgas, invests in new gas separation unit

Air Liquide acquires Lentechgas, invests in new gas separation unit

12:30 PM, 27th November 2012
Air Liquide acquires Lentechgas, invests in new gas separation unit

PARIS, FRANCE/MOSCOW, RUSSIA: Air Liquide has acquired Lentechgas company located in Saint Petersburg, leader in the northwest of the country on the industrial gases market. Lentechgas features a large market share in liquefied and bottled conditioned and is also a major player in health. Air Liquide already operates a packaging site in St Petersburg and the acquisition of leading regional develop significantly its presence in this key region of the country.

Air Liquide will invest in a new unit at the forefront of technology gas separation like a production capacity of 200 tonne per day of liquid oxygen and nitrogen. The total investment for this unit will be approximately €40 million.

“We are delighted to welcome these new employees within the Group. Russia is a growing economy that is modernizing its infrastructure in industrial production. After acquiring Logika in Moscow in early 2012, this acquisition strengthens our position in Russia. This transaction reflects our strategy to focus our geographic expansion on key growth regions. Developing economies are one of the growth drivers for the Group,” said Guy Salzgeber, Director Northern and Central Europe, Member Executive Committee, Air Liquide. 

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