This is undoubtedly a big day, a big month and a big year for the global gases business. With the merger of Praxair, Inc. and Linde AG we witness the crowning of a new leader in the field, the single biggest player in the industrial gases business.
Prior to Air Liquide’s $13bn acquisition of Airgas in 2015/16, gasworld had questioned whether there was scope for ‘one more big deal’ in this business. Upon its completion, I was understandably unsure that we would see anything of that scale again for some time.
But here we are, reflecting on a seismic shake up of the industrial gas landscape for the second time in as many years. Even post-divestments, Linde plc will be comfortably the biggest player in this business globally.
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