Linde acquires Turkish Industrial Gases company Karbogaz
"With the acquisition of Karbogaz, we are strengthening our position in a growing region and complementing our European leadership", said Dr. Aldo Belloni, member of the Executive Board of Linde AG and responsible for the business segment Gas and Engineering. "Karbogaz is one of the most important industrial gases suppliers in Turkey, and the regional market leader in the thriving carbon dioxide (C02) segment."
In fiscal year 2005, Istanbul-based Karbogaz A.S. generated sales of approximately 27 million Euros, and currently employs a staff of around 230.
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