Air Liquide Finalizes Lurgi Acquisition
Air Liquide has finalized its acquisition of the engineering firm Lurgi for an enterprise value of EUR 200 million.
The integration of Lurgi into the Air Liquide group will broaden the technology portfolio of Air Liquide’s Engineering Division, particularly in hydrogen and synthetic gas production processes, in biofuels (bio-ethanol and bio-diesel) and methanol. This will also give Air Liquide a foothold in the Coal to Liquid and Coal to Chemicals markets.
The acquisition will double the size of the Engineering Division, now with 2,800 employees, and expand its geographic reach.
Lurgi has 1,300 employees and generated revenues of EUR 850 million in 2006. Its main engineering centers are located in Germany, Poland, the US, India, and South Africa.
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