Air Water has been in the news with M&A in medicine, agriculture, food products and other life style-related businesses, and according to The Gas Review, the company also took part in M&A in industry-related business going into 2018.
One of these is with Japan Pionics, who sells gas purification equipment and waste gas abatement equipment in the electronics field, and another is with TOMCO2 Systems, a USA carbon dioxide (CO2)-related equipment manufacturer. Both of these companies are engaged in industrial gas-related equipment and engineering.
For Japan Pionics, talks have been in progress with its parent company, Mitsubishi Gas Chemical, behind closed doors for the last three years and purchase conditions have just been agreed upon. In the currently active electronics gas market, the M&A of Japan Pionics will provide Air Water with gas purification and abatement system technology, which they previously lacked.
Air Water is making moves to strengthen their equipment and engineering capabilities for gas-related business. At the end of last year, Air Water Plant & Engineering (AWP) built a new plant at their Sakai location to manufacture gas tanks.
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