Airlife Gases Acquires Control of Royal Helium Ltd.
Pune, India - Airlife Gases Private Limited (AirLife) has announced the completion of a significant acquisition, gaining control of Royal Helium Ltd. through a wholly-owned subsidiary. The acquisition involves the purchase of 79,901,328 Class A common voting shares of Royal Helium, as well as 4,000,000 share purchase warrants.
According to a statement released by AirLife, the acquisition positions the company as a leading player in the global helium market. Royal Helium, a Canadian-based company, is involved in the exploration, development, and production of helium properties. The acquisition is seen as a strategic move by AirLife to expand its presence in the growing helium industry.
AirLife, a leading provider of industrial gases, has stated that the acquisition is in line with its long-term growth strategy. The company aims to leverage Royal Helium's expertise and assets to enhance its capabilities in the helium market. The acquisition is also expected to provide AirLife with access to new markets and customers.
The acquisition price was not disclosed by AirLife. However, the company has stated that the acquisition was completed through a wholly-owned subsidiary, indicating that the deal was structured to minimize the financial impact on AirLife's balance sheet.
The acquisition is subject to regulatory approvals and is expected to be completed in the coming weeks. AirLife has stated that it is committed to working with Royal Helium's management team to integrate the two companies and drive growth in the helium market.
As the global demand for helium continues to rise, the acquisition of Royal Helium is seen as a significant development in the helium industry. The acquisition is expected to have a positive impact on AirLife's financial performance and position the company for future growth.
