Air Liquide Strengthens Its Position in Malaysia With the Acquisition of Southern Industrial Gases
L'AIR LIQUIDE SA UNSP/ADR (AIQUY)
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Source: Business Wire
PARIS--(BUSINESS WIRE)--Regulatory News:Air Liquide (Paris:AI) announces the acquisition of a key Malaysian industrial gas player, Southern Industrial Gases Sdn Bhd. Finalised today, this operation doubles Air Liquide’s Packaged Gases filling capacity in Malaysia. It is expected to deliver significant synergies by enlarging our footprint and providing Air Liquide with a geographical density across most of Malaysia.Southern Industrial Gases Sdn Bhd (SIGSB) is a former subsidiary of SIG Gas Berhad, which is listed on the Malaysian Stock Exchange. SIGSB is one of the key industrial gas players in the Malaysian market, generating close to 80 million Malaysian ringgit (approximately 20 million euros) in revenue annually. With more than 200 employees, it has 8 manufacturing and refilling facilities locations across Malaysia, with a distribution network that covers all of Malaysia’s key industrial basins.Air Liquide began operating in Malaysia in 1927. Its presence in the country now inc
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