The French group, Air Liquide, has announced its acquisition of the engineering company, Lurgi, hitherto held by Global Engineering Alliance. The deal amounts to around €550 million, giving the German company a value of €200 million. It has still to receive the approval of the European and American competition authorities. Lurgi, which employs 1,300, is one of the world leaders in production processes for hydrogen and synthetic gas, and in the production of biofuels. Its main engineering...