L’Air Liquide S.A. has reached an agreement with PAG to acquire India-based NovaAir, an industrial gas producer and supplier. The financial terms were not disclosed. The acquisition is expected to enhance L’Air’s presence in the Indian market, benefiting customers in automotive, metals, electronics, and healthcare sectors. Emilie Mouren-Renouard of Air Liquide’s Executive Committee emphasized the commitment to supporting India’s industrial and healthcare development through this deal. On October 23, AIQUY closed trading at $39.92, down 0.55 percent on the OTC Markets.

Read more at Nasdaq: L’Air Liquide Agrees To Acquire NovaAir From PAG For Undisclosed Terms