#Linde praxair latest news full#

The company that eventually became Praxair started as the US division of Linde, but was appropriated by the US government after the first world war.

The combination of Linde and Praxair is interesting historically, given that both were originally set up by German refrigeration pioneer Carl von Linde. Meanwhile, Linde has a lower operating margin but has one of the leading in-house engineering groups, Silver explains.

#Linde praxair latest news full#

See the full list of Praxair competitors, plus revenue, employees, and funding info on Owler, the worldвЂ™s largest community-based business insights platform. Praxair is considered a leading operator in the industry, and its plants and processes generate high profit margins. Praxairs top competitors include Air Products, Air Liquide and Sequa. вЂIt has implications for the industry in terms of growth and competition вЂ“ customers would like to see more suppliers rather than fewer.вЂ™ДЄnother attraction to the deal is that the companiesвЂ™ in-house strengths are also complementary. вЂThere will now be three companies competing in this industry on a global basis,вЂ™ he says.

The industry is already largely consolidated: Linde, Praxair, Air Products and Air Liquide together control about 85% of worldwide revenue from industrial gases, according to Silver. вЂPutting the two together makes them the number one player in each of those four regions.вЂ™ вЂGeographically speaking, these two companies are complementary вЂ“ Praxair is strong in North and South America, and Linde is strong in Europe and Asia,вЂ™ Silver explains. However, Praxair merging with Linde will create the global leader in the industry in terms of both sales and geographic footprint. вЂItвЂ™s a huge consolidation step.вЂ™ДЄfter French industrial gases supplier Air Liquide last year purchased Airgas, it surpassed Linde as the largest industrial gas company in terms of sales. вЂThis is a very big deal in the chemistry industry overall, and especially in industrial gases,вЂ™ says David Silver, a senior research analyst at Morningstar who covers global industrial gases. The merger combines PraxairвЂ™s operational strengths with LingeвЂ™s engineering expertise