Praxair, Inc. and The Linde Group have signed a definitive agreement on a merger of equals worth $70bn, in a deal which sees two of the biggest players in the global industrial gases business come together.
The deal promises to change the face of the industry for the second time in as many years, following Air Liquide’s mega acquisition of fellow Tier One company Airgas, Inc. in 2015/16.
Air Liquide became the leading player in the North American market, while complementing global leadership positions in Europe, Africa/Middle East and Asia-Pacific when it completed the $13.4bn takeover of Airgas on 23rd May 2016.
... to continue reading you must be subscribed
