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Business deals

Japanese industrial gas supplier buys Indian ops for $194m

Air Water purchases facilities divested in Linde-Praxair merger

Japan's Air Water seeks to capture demand for industrial gas from India's steel industry.   © Reuters

OSAKA -- Japanese industrial gas producer Air Water said Wednesday that it will acquire Indian facilities from German peer Linde for 13.8 billion rupees ($194 million), as the company stretches its footprint in India from the northeast into much of the south.

Air Water looks to capture demand from India's expanding steel manufacturing sector, as well as from the automotive industry.

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