The much anticipated, multi-billion-dollar merger of equals between Praxair, Inc. and The Linde Group has been agreed in a $70bn deal that unites two of the biggest players in the industrial gas industry. But what impact will the union truly have on a global stage?
The merger will create the most powerful company in the industrial gas industry, comfortably eclipsing Air Liquide’s $13.4bn acquisition of Airgas in 2015/16. Combined, the new company will hold a current market value in excess of $70bn (€66bn).
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 takeover of Airgas last year. It currently holds approximately 25% of the global market, according to gasworld Business Intelligence.
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