Linde, Praxair announce mega merger

Tuesday, December 20, 2016

MUNICH and DANBURY, Conn. – Linde and Praxair have announced their intention to merge, creating a company with revenues of about $30 billion and a current market value of more than $65 billion.

The two companies have been courting each other, on and off, for two years.

Linde, which bought Lincare for $4.6 billion in 2012 and American HomePatient in 2015, is currently the industrial gas industry’s No. 2 player, followed by Praxair at No. 3. Air Liquide SA of France leads the industry.

Praxair sold* its U.S. homecare business to Apria Healthcare in 2011.

Shareholders from each company, as well as regulators, still need to approver the merger.