Loan for Acquiring an Industrial Gas Manufacturer
Supporting a Japanese company’s overseas M&A

  • Area: Asia
  • Manufacturing and Services

JBIC signed a loan agreement with AIR WATER INC. (AIR WATER) to provide a part of the funds necessary for acquiring the Indian company Ellenbarrie Industrial Gases Limited (EIGL). AIR WATER is aiming to expand its overseas business operations using its proprietary gas manufacturing technologies, such as VSU (high-efficiency compact liquid nitrogen / oxygen co-production plant), and gas application technologies. With the acquisition of EIGL, which supplies liquefied gas and gas cylinders primarily in eastern India, AIR WATER is seeking to build and expand a business model with close regional ties through the EIGL business infrastructure and network for the effective supply of gas production technologies, advanced AIR WATER technologies, and a broad range of products. By providing the necessary long-term funds for overseas M&A by a Japanese company in support of the company’s new overseas business deployment, this loan will contribute to maintaining and strengthening the international competitiveness of Japanese industries.
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