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Air Liquide Completes Acquisition of 75% of LOGIKA in Moscow

02/02/2012 - Air Liquide has just completed the acquisition of 75% of the shares of LOGIKA, a regional industrial gas company located in Moscow.

Air Liquide has just completed the acquisition of 75% of the shares of LOGIKA, a regional industrial gas company located in Moscow that produces bulk and packaged gases for industrial and medical markets. The remaining 25% will remain in the hands of Ruselectronics, a subsidiary of the State Corporation Rostechnologii.
 
“This partnership with a major industrial player will strengthen our position in Russia, especially in the Moscow area,” commented Guy Salzgeber, Air-Liquide’s Vice-President North and Central Europe and member of the company’s Executive Committee. “It illustrates our strategy of focusing geographic expansion on key growth regions."
 
Russia, a growing economy, is in the process of modernizing its industrial production infrastructure. The country’s fast-growing markets such as metal, automotive, welding, glass and food require increasing amounts of gases, with the Moscow area showing great potential, accounting for about 15% of the country’s total population and more than 20% of the country’s manufacturing sector.
 
“This agreement is consistent with the Group’s long-term strategic development program in Russia, with investments of €1 billion planned by 2015. Developing economies are one of the growth drivers of the Group,” added Salzgeber.
 
This deal with Ruselectronics is a first step in the partnership between Air Liquide and the State Corporation Rostechnologii. As part of the deal, Air Liquide has committed to invest in a new state-of-the-art Air Separation Unit, which will produce liquid oxygen and nitrogen, and in a new cylinder filling center. The overall investment will amount to around €40 million.
 
Alexey Alyoshin, First Deputy General Director of Rostechnologii, stated: “This partnership will create an opportunity to implement leading technologies in Russia, which are practiced by Air Liquide, the world leader in its field. It is an opportunity for Logika to reach a new technological level in short terms, which will meet the needs of State Corporation Rostechnologii of high quality industrial gases with mutual benefit.”
 
Air Liquide is an international leader in gases for industry, health and the environment. The Group, which offers innovative solutions based on continuously enhanced technologies, produces air gases (oxygen, nitrogen, argon, rare gases, etc.) and many other gases, including hydrogen.