Announced
Completed
Financials
Sources
Tags
Private
Single Bidder
industrial gases
Private Equity
Diversified Industrials
engineering
Majority
South Korea
Acquisition
Friendly
Completed
Synopsis
IMM Private Equity completed the acquisition of selected assets of Linde Korea from Linde, a multinational chemical company, for $1.2bn. This transaction is made in accordance with the recent merger between Linde and Praxair and the Korea Fair Trade Commission. The assets divested include bulk and on-site business in Giheung, Pohang and Seosansites as well as oxygen and nitrogen on-site generators. The business generated annual sales of approximately $220m and an EBITDA of just over $83m in 2017.
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