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Praxair Offshore Services Limited, a subsidiary of Praxair, Inc. (NYSE: PX), Danbury, CT, has acquired Aberdeen, Scotland-based Dominion Technology Gases Investment Limited, a global supplier of diving, welding, industrial, laboratory and calibration gases and associated equipment to the offshore oil and gas industry. Financial terms of the transaction were not disclosed.
Dominion, a distributor of Praxair gases, serves the growing global offshore oil and gas exploration and production markets from its locations centered among several key offshore facilities. Dominion is expected to generate full-year sales in 2013 of $55 million.
“The addition of Dominion significantly expands Praxair's oil and gas related capabilities to key global customers in the offshore energy segment,” said Scott Kaltrider, vice president, helium and oil and gas services for Praxair.
Praxair, Inc. reported 2012 sales of $11 billion.