Modalis is pleased to announce the acquisition of Air Flow, a leading compressed cryogenic gas logistics company.
This merger creates important industrial and commercial synergies. It enables Modalis to enter sectors of the future such as hygrogen logistics carbon capture.
Air Flow, established in 2024, is an international compressed cryogenic gas logistics company. They provide solutions for the transport and storage of gases such as oxygen, carbon dioxide, LNG and hydrogen. Thanks to the network of logistics bases in Antwerp, Algeciras, Singapore and Houston, Air Flow services customers in over 100 countries. They own one of the largest fleets of multimodal equipment for gas transportation with a particular focus on hydrogen and captured carbon.
Modalis, established in 2002, provides intermodal logistics solutions for transport and industrial companies: manufacturing, sale rental of transport equipment dedicated to the modal shift, freight rail transport, new energies engineering. The innovations at the centre of Modalis’ strategy has enabled them to bring new products to the market, speeding up the decarbonisation of freight transportation. With several subsidiaries in France, Spain Italy, they manage a fleet of 4.000 ITUs.
Bernard Meï, Modalis CEO, declared:
“This acquisition enables Modalis to accelerate its development into the new energies logistics. It generates major synergies in RD as well as the commercial and industrial fields. It will boost our activities outside of Europe. We are delighted to welcome Air Flow’ teams, recognised for their expertise in hydrogen and captured carbon logistics. The two Aix-en-Provence based companies now joined have become a major medium size business in the region with a good growth momentum, in their investments, staff and international activity.”
In 2023
Modalis employs close to 100 employees, achieving a turn-over of 51 million euros.
Air Flow employs 90 employees and has a turnover of 30 million euros.
