See more
How much did Linde pay for Praxair?
Two-plus years after it was first announced, the $86 billion merger between Praxair and Linde has been approved by the U.S. Federal Trade Commission, clearing the last significant hurdle to creating the world's largest industrial gas supplier.
Is Praxair and Linde the same company?
Linde has legally changed the name of its US welding, industrial, medical and specialty gas distribution business, Praxair Distribution Inc., to Linde Gas & Equipment Inc. At the same time of the change in name (effective 11th October), Linde Gas North America LLC will merge into the new company.
When did Praxair change to Linde?
Sept. 1, 2020Linde (Dublin, Ireland) announced in August 2020 that its U.S. subsidiary, Praxair, Inc. (Danbury, Conn., U.S.), will begin operating under the Linde name, effective Sept. 1, 2020. This name change reflects the company's evolution following the merger of Praxair, Inc.
Who acquired Linde?
Praxair, Inc.S&C represented Praxair, Inc. (U.S.) in its $80 billion merger of equals with Linde AG (Germany), creating the world's largest industrial gas supplier.
Why did Praxair change name?
This name change aligns the Canadian business with the global Linde brand and reflects the company's evolution following the combination of Linde, Inc. and Linde AG. Its vision is to be the best performing global industrial gases and engineering company.
Who is the biggest industrial gas company?
Linde, Air Liquide, Air Products, and Taiyo Nippon Sanso are the largest industrial gas companies worldwide. Together, these four conglomerates account for over 80 percent of the industrial gas sector. Linde, a global multinational headquartered in Ireland, is currently the leading company in the industry.
Is Praxair still in business?
In 2018 it merged with Linde AG to form Linde plc. The Praxair name was discontinued on September 1, 2020. Praxair, Inc....Praxair.TypeSubsidiary of Linde plcHeadquartersDanbury, Connecticut, United StatesArea servedWorldwideKey peopleSteve Angel (Chairman, President, & CEO)ProductsIndustrial gases13 more rows
Who bought Messer?
Air Liquide, already the largest industrial gases producer in the world, has taken steps to become even larger, with the planned purchase--for nearly $3.3 billion--of most of the operations of its German competitor Messer Griesheim.
Who owns Linde Air?
In December, Praxair Inc., based in Danbury, Connecticut, made an offer to acquire German company Linde Group. The transaction, valued at $35.6 billion, follows the purchase in 2016 of U.S.-based Airgas Inc. by France's L'Air Liquide SA for $13.4 billion.
Is Linde now Messer?
Messer Group is a German industrial-gas specialist. Messer Americas is based at the former Linde Gas headquarters in Bridgewater, N.J. The phone number remains the same (800-755-9277; messer-us.com).
Who are Linde competitors?
The Linde Group competitors include Air Liquide, Encana and Air Products and Chemicals.
Does Air Liquide own Linde?
Founded in 1902, after Linde it is the second largest supplier of industrial gases by revenues and has operations in over 80 countries. It has headquarters at the 7th arrondissement of Paris. Air Liquide owned the patent for Aqua-Lung until it expired....Air Liquide.An Air Liquide industrial plantWebsitewww.airliquide.com16 more rows
What companies does Praxair own?
Place of IncorporationAGA Gas S.A. de C.V.MexicoAgas Servizi S.r.l.ItalyAmerican Home Oxygen and Hospital Equipment, Inc.FloridaAMKO Service CompanyOhioAndaluza de Gases S.A.Spain42 more rows
Did Praxair change name?
This name change reflects the company's evolution following the merger of Praxair, Inc. and Linde AG. Operating under the Linde brand, the company has established a vision to be the best performing global industrial gases and engineering company.
Who owns Linde Air?
In December, Praxair Inc., based in Danbury, Connecticut, made an offer to acquire German company Linde Group. The transaction, valued at $35.6 billion, follows the purchase in 2016 of U.S.-based Airgas Inc. by France's L'Air Liquide SA for $13.4 billion.
Who are Linde competitors?
The Linde Group competitors include Air Liquide, Encana and Air Products and Chemicals.
How much did Linde and Praxair merge?
Linde, Praxair agree $65 billion merger outline, ambitious cost savings. FRANKFURT (Reuters) - German industrial gases group Linde LING.DE and U.S. suitor Praxair PX.N have agreed an outline for a $65 billion -plus merger, with the combined company to be run out of the United States by Praxair's chief executive.
Who bought Airgas Inc?
That has already led to consolidation in the industrial gases sector with Air Liquide buying Airgas Inc for $13.4 billion.
Which union supports Linde merger?
Germany’s powerful IG Metall union has said it would support the merger after workers were given assurances such as maintaining Linde’s two biggest sites in Germany.
Did Linde and Praxair comment on possible divestments?
Linde and Praxair declined to comment on possible divestments.
When did Praxair acquire NuCO2?
Praxair’s largest acquisition to date was in 2013, when it acquired NuCO2 for $1.1B. It’s largest disclosed sale occurred in 1996, when it sold Statia Terminals Group NV to Castle Harlan for $235M. Praxair has acquired in 21 different US states, and 10 countries. The Company’s most targeted sectors include distribution (57%) and chemicals (21%).
What is praxair gas?
Praxair is an industrial gases company that produces, sells, and distributes atmospheric and process gases, and high-performance surface coatings. The company's products, services, and technologies serve a variety of industries including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals, and others. Praxair was formed in 1907 and is based in Danbury, Connecticut.
Why did we create Mergr?
We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.
What companies merged to make Praxair?
FRANKFURT/MUNICH (Reuters) - The boards of Linde LING.DE and Praxair PX.N voted on Thursday to merge, creating a $73 billion global industrial gases leader in what is likely to be the last in a wave of combinations that has resulted in a highly consolidated market.
Who is the competitor of Praxair?
firm Praxair's operational efficiency and strength in the Americas with the leading technology of Germany's Linde and its strong presence in Europe and Asia, overtaking main competitor France's Air Liquide AIRP.PA.
What was the stock price of Praxair in 1906?
The stock was trading up 1.9 percent at $134.83 by 1906 GMT. The all-share merger of equals, which still has to be approved by a majority of Praxair’s shareholders, represents a triumph for Linde’s Wolfgang Reitzle, a former chief executive who returned as chairman to seal the deal.
Who is the CEO of Praxair?
The 68-year-old, a highly sought-after executive in Germany who twice narrowly missed becoming CEO of luxury carmaker BMW BMWG.DE, will become chairman of the merged company, while Praxair CEO Steve Angel will be chief executive.
Who was the architect of Linde's 8 billion pound deal?
Veteran dealmaker Reitzle, who was the architect of Linde's 8 billion-pound ($10 billion) agreement to take over Britain's BOC in 2006 and re-engineered the $50 billion Lafarge-Holcim LHN.S building materials merger in 2015, had repeatedly said he was reluctant to use his casting vote to force the merger.
Will Linde shareholders vote on the merger?
Linde’s shareholders will not vote on the deal but 75 percent must tender their shares to the new company for the deal to go through.
What is praxair gas?
Praxair, Inc. is the largest industrial gases company in North and South America, and one of the largest worldwide, with 2011 sales of $11 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing productivity and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals and others. More information on Praxair is available on the Internet at www.praxair.com.
When was NexAir founded?
nexAir was formed in 1996 through the merger of two family-owned Memphis companies – Mid-South Oxygen Company (founded in 1946) and Standard Welders Supply/Standard Oxygen Service (founded in 1940 and purchased by the McEniry family in 1950). Bob McEniry served as CEO of nexAir from 1976 to 2007, when he turned the title of CEO of the third-generation family-owned company over to his son, Kevin.
Operations
The company has two principal business areas: gas ( industrial gases and medical gases), and engineering, procurement, and construction .
History
Uranium used to produce the United States' first atom bombs from 1942 to 1948 was processed by Linde Air Products in Tonawanda, New York. This company originally had been founded as U.S.
