Praxair completed the merger with Linde in a $70bn deal.

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.