Linde Korea completes acquisition of Air Liquide Korea assets
SEOUL, South Korea -- Linde Korea, a member of The Linde Group, announced that it has completed the takeover of Air Liquide Korea's industrial merchant and electronics on-site and liquid bulk air gases business in South Korea. The ten sites under this agreement complement Linde's existing presence and offerings in the country.
"I am delighted that we have concluded the acquisition of Air Liquide's industrial merchant and electronics on-site and liquid bulk air gases business in South Korea,” said Sanjiv Lamba, Chief Operating Officer for Asia Pacific and Member of the Executive Board of Linde AG. “The acquired industrial merchant and electronics on-site facilities will further strengthen our existing extensive network of sites and customer density in South Korea, and support the growth intentions of major markets, particularly in the electronics sector.”
Under this agreement, Linde Korea has completed takeover of Air Liquide Korea's industrial merchant and electronics on-site and liquid bulk air gases business in South Korea. It includes the transfer of the related operating sites for the on-site plants as well as tanks and related equipment for liquid storage.
In addition, the associated customer contracts have been transferred to Linde Korea, together with Air Liquide Korea employees who will continue to operate the plants and service customers.
Linde Korea first established its operations in Pohang in 1988. In the last 10 years alone, Linde Korea has invested over EUR 300 million in industrial gases production facilities and equipment.
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