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Air Liquide will operate its newly acquired operations as Air Liquide Austria Gmbh

05-Jan-2001

Air Liquide, the worldwide leader in industrial and medical gases and related services, has completed the acquisition of the operations of AGA in Austria, further to the agreement concluded with German owner Linde AG, at the end of August 2000. As a consequence, the change of name from AGA to Air Liquide Austria GmbH will be effective as of today.

This transaction applies to 100% of AGA GmbH capital stock and covers the operations in Austria with almost 250 employees, client portfolio and assets including two air separation units, one in Schwechat and one in Donawitz, four gas cylinder filling plants and three acetylen plants. The purchased operations are expecting a sales figure of about 60 million euros (about 825 million Austrian Schillings) for 2000.

Air Liquide Austria serves more than 40 000 large and small customers in all sectors of the industry through a dense distribution network covering the whole country.

"The purchase of AGA in Austria represents an important step in the European strategy of Air Liquide. Firstly, this transaction gives us a strong position in Austria, and secondly, it strengthens our development capabilities in Central Europe", said Alain Joly, Chairman and CEO of the Air Liquide group. "Our objective is to build on the existing strong local position of this organization while offering the global know-how, technical expertise and value adding services that we develop worldwide around industrial and medical gases", he concluded.

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