Announced
Completed
Financials
Tags
engineering
industrial gas
alkene
natural gas
chemicals
Chemicals: Diversified
Germany
Public
Merger
Friendly
Single Bidder
Majority
Completed
Synopsis
Praxair, an American worldwide industrial gases company, completed the merger with Linde, a supplier of industrial, process and speciality gases, in a $70bn deal. The transaction would unite Linde’s long-held leadership in technology with Praxair’s efficient operating model. "The strategic combination between Linde and Praxair would leverage the complementary strengths of each across a larger global footprint and create a more resilient portfolio with increased exposure to long-term macro growth trends. We consider this to be a true strategic merger, as it brings together the capabilities, talented people and best-in-class processes of both companies, creating a unique and compelling opportunity for all of our stakeholders," Steve Angel, Praxair’s Chairman and CEO.
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