Industrial gases and technologies company the Linde Group has concluded the acquisition of the Turkey-based industrial gases company Birlesic Oksijen Sanayi A.S. (BOS), a subsidiary of the Koc group, at an enterprise value of approximately $120m.
The transaction was completed following the receipt of unconditional approval from the antitrust authorities and is the second major transaction in Turkey by Linde, following the acquisition of Karbogaz A.S. in July 2006.
$quot;With this acquisition we have complemented our product range in the important strategic market Turkey and at the same time have strengthened our position for supplying the neighbouring markets of the Middle East,$quot; said Dr Aldo Belloni, member of the Exectutive Board of Linde AG.
BOS operates with industrial and speciality gases and in the fiscal year 2006 generated sales of approximately $40m and employed staff of around 180.
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