Linde/Praxair merger

5/3/2019
Merger

$ 70 billion

Completed

5/3/2019


Overview:

  • Linde and Praxair have undertaken an all-stock merger of equals and have entered into a business combination agreement to come together as a new holding company.
  • The merger creates a combined entity valued at an estimated $70 billion and has pro forma revenues of approximately $29 billion.
  • Linde shareholders will be offered 1.54 shares in the new company for every Linde share they hold, while Praxair shareholders will be offered one for one - leading to a roughly 50:50 ownership split.
  • The new company will be the world's largest supplier of industrial gas and supplies oxygen and hydrogen used at hospitals, oil refineries, chemical plants and steel fabricators.
  • The company will be based in the Republic of Ireland.
  • Linde is one of the leading gases and engineering companies in the world, with approximately 60,000 employees working in over 100 countries worldwide.
  • Praxair is a leading industrial gas company in North and South America and one of the largest worldwide. 
  • Perella Weinberg Partners acted as financial adviser to Linde.
  • The merger was completed in 2019.

Katrin Kostadinova - Data analyst

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