The Linde Group, registered as Linde AG (FWB: LIN) is a multinational industrial gases and engineering company founded in Germany in 1879. It is the world's largest industrial gas company by market share as well as revenue. Linde shares are traded on all the German stock exchanges and also in Zürich, and the Linde share price is included in the DAX 30 index. The group is headquartered in Munich, Germany, with some supporting headquarters functions in Surrey, England.
The Linde Group has over 600 affiliated companies in more than 100 countries, with customers in the industrial, retail, trade, science, research and public sectors.
In September 2006 the company acquired its UK based competitor The BOC Group, and subsequently disposed of its non-gas interests. Linde's former materials handling business was rebranded as KION Group in September 2006 and sold in November 2006 to KKR and Goldman Sachs for €4bn. In March 2007 the BOC Edwards semiconductor equipment business was sold to CCMP Capital for €685m.
Linde's sales in 2006 were €12.4 billion, with 55,000 employees. Following the BOC acquisition, The Linde Group has become the world's largest industrial gas company. In 2005, Linde AG and BOC together had 21% of the world's market in industrial gases followed by Air Liquide with 19%, Praxair with 13%, Air Products & Chemicals with 10%, Nippon Sanso with 4%, Airgas with 3% and Messer Group with 1%.
The Linde Group today has two principal business areas: gas, divided in industrial gas and medical gases, and engineering. In the industrial gas area the group trades under a number of established brand names including Linde, AGA, BOC, TIG, MOX, Afrox and PanGas. HiQ is used as an identifier for high purity and premium specialty gases across all of these business brand names. In the medical gas area Linde is known with the following names, Linde Gas Therapeutics, AGA Medical, INO Therapeutics, Linde Homecare, Farmadomo and Life Gas.
Linde Gas supplies industrial gases, medical gases, specialty gases, refrigerants and other chemicals. Depending on the gas and the quantity required, these may be supplied in portable high-pressure gas cylinders, in liquefied form by road tanker, from on-site gas generators or in gaseous form via pipeline to large customers.
Linde Engineering designs and builds large-scale chemical plants for the production of industrial gases including oxygen, nitrogen, argon, hydrogen and carbon monoxide, as well as large plants associated with the processing of natural gas, LNG, LPG and the manufacture of olefins.
Source: Wikipedia
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