Linde, Praxair confirm merger talks
Industrial gas-makers say talks are preliminary.
Oil & Gas
FRANKFURT — Industrial gas makers Linde AG and Praxair Inc. have confirmed they are in talks about a possible merger.
Linde, based in Munich, Germany, said in a statement Aug. 16 that the talks are preliminary and that “it is currently not foreseeable whether there will be any kind of transaction.”
Praxair, headquartered in Danbury, Connecticut, had a similar statement and both companies described the potential deal as a merger.
Linde has 64,500 employees in 100 countries, while Praxair, headquartered in Danbury, Connecticut, has 26,000 employees in more than 50 countries. Praxair North America is its largest business group with over 10,000 staff.
The companies sell gases used in a wide range of applications including manufacturing, food processing and the oil and gas industry.