Air Liquide Strengthens Industrial Gas Presence in India with NovaAir…

Sarah J · 2025-11-04T09:35:30.000Z

Air Liquide, a global leader in industrial gases, has announced the acquisition of NovaAir, a prominent industrial gas producer and supplier in India, from Asia-focused private equity firm PAG. This strategic acquisition significantly expands Air Liquide’s footprint across India by extending its reach into key industrial regions in the East and South, complementing its existing operations in the North and West. Founded in 2019, NovaAir operates a comprehensive industrial gases platform that includes bulk gases, specialty gases, onsite services, and engineering, procurement, and construction (EPC) support. NovaAir serves essential sectors such as steel, automotive, electronics, photovoltaic, fabrication, and healthcare. The acquisition enables Air Liquide to enhance its capabilities to serve a diverse and growing customer base across automotive, metals, electronics, and healthcare industries in India. It also integrates a substantial project portfolio and an experienced local management team, underscoring Air Liquide’s long-term commitment to fostering India’s industrial and healthcare development. This milestone marks a significant step in Air Liquide’s ongoing growth story in India, reflecting a sustained investment strategy in one of the world’s fastest expanding markets.

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Air Liquide Strengthens Industrial Gas Presence in India with NovaAir… | SEINET