M&A Deal Summary

L Air Liquide Acquires Southern Industrial Gas Sdn Bhd

On October 31, 2019, L Air Liquide acquired chemicals company Southern Industrial Gas Sdn Bhd from SIG Gases

Acquisition Highlights
  • This is L Air Liquide’s 6th transaction in the Chemicals sector.
  • This is L Air Liquide’s 1st transaction in Malaysia.

M&A Deal Summary

Date 2019-10-31
Target Southern Industrial Gas Sdn Bhd
Sector Chemicals
Buyer(s) L Air Liquide
Sellers(s) SIG Gases
Deal Type Divestiture

Target

Southern Industrial Gas Sdn Bhd

Selangor, Malaysia
Southern Industrial Gas Sdn Bhd is a manufacturer of industrial gases. Southern Industrial Gas was founded in 1996 and is based in Selangor, Malaysia.

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Buyer(S) 1

Buyer

L Air Liquide

Paris, France

Category Company
Founded 1902
Sector Chemicals
Employees66,500
Revenue 27.1B EUR (2024)
DESCRIPTION
Air Liquide office in Houston, Texas.
Air Liquide office in Houston, Texas.

L'Air Liquide is a global provider of gases. Products include oxygen, nitrogen, hydrogen and specialty gases. L'Air Liquide was formed in 1902 and is based Paris, France.


DEAL STATS #
Overall 31 of 32
Sector: Chemicals M&A 6 of 6
Type: Divestiture M&A Deals 2 of 2
Country: Malaysia M&A 1 of 1
Year: 2019 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 Hydrogenics

Mississauga, Ontario, Canada

Hydrogenics Corp. is a designer, manufacturer, builder and installer of industrial and commercial hydrogen systems around the globe. Hydrogenics was founded in 1995 and is based in Mississauga, Ontario.

Sell $290M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Air Liquide S.A. - Czech Republic and Slovakia Operations

Prague, Czech Republic

Air Liquide S.A. - Czech Republic and Slovakia Operations provide gases with 53 well-trained, experienced employees. Air Liquide started operating in Slovakia in 2000 and the Czech Republic in 2001 with 53 employees at both locations and offices in Prague and Trnava.

Sell -

Seller(S) 1

SELLER

SIG Gases

Bahru Johor, Malaysia

Category Company
Sector Chemicals
Revenue 79M MYR (2018)
DESCRIPTION

SIG Gases is an industrial gas solution and service provider. SIG Gases is mainly engaged in the manufacturing, refilling, and distribution of all kinds of industrial gases. SIG Gases is based in Bahru Johor, Malaysia.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Malaysia M&A 1 of 1
Year: 2019 M&A 1 of 1