Air Liquide has signed a binding agreement with Macquarie Asia-Pacific Infrastructure Fund 2, for the acquisition of DIG Airgas, a major national player in South Korea. The proposed transaction values DIG Airgas at an enterprise value of EUR 2.85bn/KRW 4.6T. This major acquisition marks a significant strategic milestone for Air Liquide, substantially strengthening its market position in South Korea. It is recognized globally for its highly dynamic economy and rapidly expanding electronics, clean energy, mobility and Bio-Pharma sectors.
With this major acquisition, Air Liquide demonstrates once again its ability to strategically invest for profitable growth.
This acquisition is supported by a structured bridge loan. It will be (re)financed by bond issues. The closing of this acquisition is expected in the first semester of 2026, following the completion of Korean relevant regulatory clearances.