Air Liquide announces today the successful completion of the DIG Airgas acquisition, a leading integrated gas player in South Korea. This marks a new significant milestone for the Group, 10 years after the major acquisition of Airgas in the United States. With this strategic step, the Group will double its workforce in South Korea and reach around 900 million euros of combined sales. This acquisition will enable Air Liquide to significantly strengthen its position in this dynamic and innovative economy, where it has already established a strong footprint over the past three decades. Completed ahead of schedule, this acquisition will now contribute to the overall performance of the Group earlier than expected and will bolster Air Liquide’s activities in Asia.
As part of its long-term profitable growth strategy, Air Liquide has successfully acquired the South Korean company DIG Airgas. Air Liquide’s global expertise and technology perfectly meets DIG Airgas's strong air gas geographical footprint in every key basin. It will bring promising opportunities in a thriving economy, combining highly complementary strengths and assets.
In line with the strong economic activity and innovation capacity of the country, the industrial gas market is ranked number 4 globally today and is expected to double by 2035. It is also strategically positioned to lead the next waves of development in cutting-edge sectors such as the semiconductors industry, clean energy, mobility and biopharma, which are rapidly expanding.
Key data points: The growth forecast = 5.0% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in tight gas market to 2031 by type (processed tight gas and unprocessed tight gas), application (residential, commercial, industrial production, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesFinally, this deal will additionally deliver highly executable synergies, including secured growth from investment backlog with nearly 20 projects. These long-term contracts will bring more than 50 million euros additional EBITDA by 2030. In addition, growth synergies will be enhanced by deploying Air Liquide's technology and innovative solutions. This acquisition will be net profit accretive one year after integration1.
Thanks to the Group’s proven track record in integrating acquisitions and successful cooperation with local authorities, this operation has been completed in advance. Therefore, it will contribute to the Group’s performance earlier than expected.
