Air Liquide (AL) recently announced the acquisition of a key Malaysian industrial gas player, Southern Industrial Gases Sdn Bhd (SIGSB).
This operation doubles AL’s Packaged Gases filling capacity in Malaysia. It is also expected to deliver significant synergies by enlarging our footprint and providing Air Liquide with a geographical density across most of Malaysia.
SIGSB is a former subsidiary of SIG Gas Berhad. It is one of the key industrial gas players in the Malaysian market, generating close to 20 million euros in revenue annually. It has 8 manufacturing and refilling facilities locations across Malaysia, with a distribution network that covers all of Malaysia’s key industrial basins.
AL commented “This acquisition will enable us to strengthen our activities in Malaysia, with a reinforced network that will drive sustainable growth and deliver innovative solutions for Industrial Gas customers across Malaysia.”
|