Japanese company Nippon Sanso successfully acquires Australian and New Zealand businesses for a sum of $480 million.
Nippon Sanso Holdings Corporation (NSHD) has made a significant move in the industrial gas market by acquiring Coregas, Blacksmith Jacks, and Coregas NZ. The share purchase agreement for this acquisition was signed in December 2024, with a buyout cost of A$770 million ($480 million).
This acquisition marks NSHD's expansion into the Australian and New Zealand markets and is not the first for the company, implying they have made previous acquisitions. The aim is to strengthen their industrial gas business in these regions and collaborate more closely with Supagas, an existing Australian operating company of NSHD.
The Coregas Group, which operates industrial gas businesses in Australia and New Zealand, is now a wholly owned subsidiary of NSHD's Australian subsidiary, NSC (Australia). These companies were previously owned by BOC before their acquisition by NSHD.
The acquisition is a significant event in the industrial gas market in Australia and New Zealand, and it is expected to boost NSHD's presence and operations in these regions. Subscribing to newsworld provides access to in-depth content every month, offering insights into such developments in the industry.
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