Air Liquide Reaches Agreement to Purchase NovaAir from PAG for Unspecified Terms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 27 2025
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Source: NASDAQ.COM
Acquisition Announcement: L'Air Liquide S.A. has reached an agreement to acquire NovaAir, an industrial gas producer in India, from PAG, a private equity firm, with financial details undisclosed.
Market Expansion: This acquisition aims to enhance L'Air Liquide's presence in the Indian market, particularly in sectors such as automotive, metals, electronics, and healthcare.
Commitment to India: Emilie Mouren-Renouard, a member of Air Liquide's Executive Committee, emphasized that this move reflects the company's long-term commitment to supporting India's industrial and healthcare growth.
Stock Performance: On October 23, L'Air Liquide's stock closed at $39.92, experiencing a slight decline of 0.55% on the OTC Markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
