Nippon Sanso acquires Australian and New Zealand industrial gas businesses

Nippon Sanso Holdings Corporation has completed the acquisition of Coregas Pty Ltd, Blacksmith Jacks Pty Ltd, and Coregas NZ Limited from Wesfarmers Limited, effective July 1, 2025. This strategic move, conducted through its Australian subsidiary NSC (Australia) Pty Ltd, significantly expands its industrial gas presence in Australia and New Zealand.

Coregas Pty Ltd, with its capital of AUD 174 million, has become a specified subsidiary of Nippon Sanso Holdings Corporation due to a debt-to-equity conversion during the acquisition. The total acquisition price for these three entities is approximately JPY 71,521 million, with Coregas Pty Ltd accounting for 90%, Blacksmith Jacks Pty Ltd for 3%, and Coregas NZ Limited for 7%.

The acquired companies reported robust financial performance for the fiscal year ended June 2025, with Coregas Pty Ltd showing AUD 347 million in net assets and AUD 241 million in revenue. Blacksmith Jacks Pty Ltd had AUD 4 million in net assets and AUD 11 million in revenue, while Coregas NZ Limited recorded NZD 17 million in net assets and NZD 18 million in revenue. This acquisition's impact is already incorporated into the company's consolidated earnings forecast for the fiscal year ending March 2026.