Messer, the largest privately managed industrial gas specialist, has announced both the purchase and sale of companies in Europe.
Effective from today (the 12th of March 2014) Messer has purchased 100% of the shares in Praxair S.A.S from Praxair Euroholding, Spain. As a result, Messer will acquire a company with its employees as well as its fixed assets and customer contacts. “Through this repositioning we are strengthening our activities specifically in our local market, Europe,” emphasises Stefan Messer, owner and CEO of Messer Group GmbH.
Purchasing Praxair S.A.S. will enable Messer to further expand its strong competitive position on the French market for industrial and medical gases. The newly acquired activities are to be integrated quickly into the existing business in order to achieve the planned increases in efficiency as soon as possible. Synergies are anticipated above all from economies of scale in the production and distribution sectors and also in administration.
The fixed assets include, among other things, two air separation plants in which industrial gases such as oxygen, nitrogen and argon are obtained from the air, several production plants on existing customer sites, three filling plants for gases in cylinders, and gas distribution equipment such as tankers, customer tanks and steel cylinders.
... to continue reading you must be subscribed
