Air Liquide acquires the Pure Helium company
To accelerate expansion in the Middle East, Air Liquide has just acquired Pure helium, international supplier of liquid and gaseous helium, helium based mixtures, and argon. Established in Mumbai (India) in 1985, Pure Helium is also present in the United Arab Emirates, Saudi Arabia and Egypt. With 40 employees, the company's turnover was approximately US$20 million in 2007.
Produced in Qatar, one of the five countries in the world which export it, helium is transported from the Jebel Ali logistics platform (Port of Dubai) to 15 countries. The complementary nature of the helium activities of Pure Helium and Air Liquide, in a strongly growing market, gives the Air Liquide Group new opportunities for expansion in the Middle East.
Pierre Dufour, Senior Executive Vice-President of the Air Liquide Group, responsible for the Middle East zone, stated: "This acquisition efficiently complements Air Liquide's helium range. It strengthens our position in the Middle East and allows us to better meet the strong demand in this market. It contributes to our strategy of accelerating growth, and opens up promising opportunities for expansion in this region."
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