Linde Plc. In India |Vadodara, August 2, 2021: Linde India has signed a Business Transfer Agreement today with HPS Gases Ltd., Vadodara to acquire its entire packaged gases business along with certain distribution assets with effect from 1 November 2021 for an aggregate cash consideration of Rs.275 million. As a part of this acquisition, the Company will enter into other agreements with HPS Gases Ltd., viz. Asset Purchase Agreement, Non-Compete Agreement and Agreement for Product Supply and Purchase. In line with these agreements, Linde India will supply liquid products to HPS Gases Ltd. and purchase gases in packaged and mini bulk from HPS Gases Ltd. under a long-term contract with them.
HPS Gases Ltd. (part of the privately held SKY Oxygen group) is one of the oldest and reputed Industrial Gas players in Western India since1988.
About Linde in India
Linde India Limited and Praxair India Pvt. Ltd. are subsidiaries of Linde Plc. Linde plc. was created in October 2018 by merger of Praxair Inc. and Linde AG. Collectively, Linde in India is one of the leading industrial gases company. Combining Linde Plc’s advanced technology, our deep understanding of our customers’ businesses and strong local expertise in gases and engineering, we are able to provide tailor-made solutions that help our customers to increase efficiency, productivity and flexibility in their operations, while reducing energy costs and safeguarding the environment. We manage and operate more than 30 production facilities and filling stations across the country. We supply more than 20,000 gases and mixtures as well as and provide a range of related services including the construction and installation of plants, equipment, pipelines and associated engineering services catering to the needs of a wide variety of industries. Linde has one of the largest sales and distribution network in the country giving us a wide geographic reach and placing us close to our customers in any part of India.