# Air Liquide agrees to acquire DIG Airgas, South Korean industrial gas player

Air Liquide signed a binding agreement to acquire DIG Airgas from Macquarie Asia-Pacific Infrastructure Fund 2 at an enterprise value of EUR 2.85 billion (KRW 4.6 trillion). Closing is expected in the first half of 2026.

- Type: Acquisition
- Announced: 2025-08-22
- Where: South Korea, South Korea
- Value: $3.30B (2.85B EUR)
- Status: announced
- Products: industrial gases
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Air Liquide](https://endata.com/companies/2132.md) (acquirer)
- [DIG Airgas](https://endata.com/companies/13402.md) (target)
- [Macquarie Asia-Pacific Infrastructure Fund 2](https://endata.com/companies/13403.md) (partner)

## Sources

- [airliquide.com](https://www.airliquide.com/group/press-releases-news/2025-08-22/air-liquide-announces-signature-agreement-acquire-dig-airgas-leading-integrated-gas-player-south), 2025-08-22: "The proposed transaction values DIG Airgas at an enterprise value of 2.85 billion euros / 4.6 trillion South Korean won."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.