The technology group The Linde Group has concluded the acquisition of the Turkey based industrial gases company Birlesic Oksijen Sanayi, a subsidiary of the Koc group, at an enterprise value of approximately $120 million.
Following the receipt of unconditional approval from the antitrust authorities, the transaction was completed on Tuesday 17 July. BOS operates with industrial and specialty gases. In fiscal year 2006 BOS generated sales of approximately $40 million and employed a staff of around 180.
“With this acquisition we have complemented our product range in the important strategic market Turkey and at the same time have strengthened our position for supplying the neighbouring markets of the Middle East”, said Dr Aldo Belloni, member of the Executive Board of Linde AG. Following the acquisition of Karbogaz A.S. in July 2006, the takeover of BOS is the second major transaction in Turkey by Linde. (fuelcelltoday.com)