Linde plc (LIN) – Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. In 1996, the company acquired the rights to the Linde name from Praxair. About Linde PLC. The Company provides atmospheric gases (oxygen, nitrogen, argon and rare gases) and process gases (carbon dioxide, helium, hydro gen, electronic gases, specialty gases and acetylene). 2 Forward-Looking Statement This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. 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, Liquefied petroleum gas and the manufacture of olefins. Linde plc on Tuesday raised its 2019 earnings per share (EPS) growth forecast for the third time after it raised prices even as the economic outlook worsened. [13] Following the group's merger with Praxair to form Linde plc, Gist continues to operate as a separate entity under Linde. [1] The company's primary business is the manufacturing and distribution of atmospheric gases, including oxygen, nitrogen, argon, rare gases, and process gases, including carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. Linde plc is an industrial gases and engineering company that operates through its subsidiaries. [16]:67, In 1906, Carl Von Linde decided to expand his oxygen extraction company overseas, targeting America, where no other companies had attempted industrial scale oxygen extraction. Linde plc is an industrial gases and engineering company that operates through its subsidiaries. Linde Plc executive Bernd Eulitz will become the next chief executive of German brake manufacturer Knorr Bremse, the company said on Wednesday. Linde plc, the world's largest supplier of industrial gases, on Tuesday raised its annual earnings per share (EPS) growth forecast for the third time this year to 17-18%. Linde plc is an industrial gases and engineering company that operates through its subsidiaries. Quote and financial data from Refinitiv. The Company provides atmospheric gases (oxygen, nitrogen, argon and rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases and acetylene). Linde's process was patented in 1902 and immediately exploited by the first large-scale air separation plant installed in Linde's works in Höllriegelskreuth, near Munich in 1903. [2][3] The company expects hydrogen vehicles to compete with electric vehicles such as those produced by Tesla, Inc. and has invested in wind powered plants that convert water to hydrogen.[4]. Stock analysis for Linde PLC (LIN:Xetra) including stock price, stock chart, company news, key statistics, fundamentals and company profile. In 1935, general manager Friedrich Linde received the title of Wehrwirtschaftsführer, which underlined the national importance of Linde AG and allowed the company to further benefit from the German rearmament. Ökade krav på både hållbarhet och effektivitet förändrar det sätt gaser används. Net sales break down by activity as follows: - production and sale of industrial gases (83.2%); Gaser spelar en viktig roll för färskhet, ökad hållbarhet och mindre matsvinn. Linde plc is an industrial gases and engineering company that operates through its subsidiaries. Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 billion). LIN | Complete Linde PLC stock news by MarketWatch. [1], The company is a member of the Hydrogen Council, a group of companies investing in hydrogen vehicles. [38][39], In December, the company acquired homecare company Calea France SAS. Linde plc is one of the world's leading engineering and industrial gas production groups. Köp aktier i Linde PLC - enkelt och billigt hos Avanza Bank. [43][44][45][46][47][48][49][50][51][52][53][54][55][56][57][58][59], In July 2018, the company agreed to sell certain business in North and South American assets to Messer Group and CVC Capital Partners for $3.3 billion to gain regulator approval for the Praxair merger. These segments are subdivided into eight Regional Business Units (RBUs). This work developed into capabilities in the recovery of hydrogen and carbon monoxide, which were further key feedstocks for the emerging chemicals industry.[19]. George's business, called GL Baker, began transporting fresh fruit for Marks & Spencer in 1932. 3D-printing är ett exempel. Linde plc is an industrial gases and engineering company that operates through its subsidiaries. Linde Healthcare provides pharmaceutical and medical gas products and services for the healthcare industry such as oxygen therapy, aerosol therapy, anaesthesia, and gas for chronic obstructive pulmonary disease, asthma, sleep apnoea and pain. Linde | 274,848 followers on LinkedIn. It designs, engineers and builds equipment that produces industrial gases primarily for internal use. This division has four operating segments, Western Europe, the Americas, Asia & Eastern Europe, and South Pacific & Africa. In partnership with Brake, Gist's Child Road Safety scheme, established in 2011, has seen more than 120,000 safety sessions delivered to children across the UK, warning of the dangers of HGVs on the road. [12], Gist was acquired by Linde as part of its 2006 acquisition of BOC. The company's primary business is the manufacturing and distribution of atmospheric gases, including oxygen, nitrogen, argon, rare gases, and process gases, incl… [16]:113–114 According to estimates of the company for mid-1944, between 400 and 500 people were used as forced labourers in production plants. In 1969, The BOC Group acquired GL Baker, after it expressed interest in its use of liquid nitrogen in chilled containers. U.S.-German industrial gas maker Linde plans to continue investing in healthcare and electronics as it reported better-than-expected quarterly earnings on Thursday, saying higher operating margins helped offset a virus-hit drop in volumes. Köp aktien Linde Plc (LIN). [65], On 9 August 2019 Linde partnered with CarbonCure Technologies. The Company serves the customers in various industries, including healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals and water treatment. [11], The history of Gist Limited dates back as far as 1920, when George Littmoden began moving fruit and vegetables to Covent Garden market by horse and cart. Linde Plc, the industrial gases group created from the merger of Linde AG and Praxair, is targeting 8-12 percent growth in 2019 earnings per share thanks to cost cuts, even as revenue growth slows, it said on Friday. Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 billion). of Linde plc's Form 10-Q for the period ending March 31, 2020 filed with the SEC on May 7, 2020, which should be reviewed carefully. Hos Nordnet kan du handla från 0 kr i courtage. All quotes delayed a minimum of 15 minutes. It designs, engineers and builds equipment that produces industrial gases primarily for internal use. In addition to his interests in refrigeration, Carl von Linde had also partnered with Hugo Güldner and Georg Krauß and others in 1904 to form the Güldner Motoren-Gesellschaft mbH in Munich, which was moved to Aschaffenburg in 1906. v. LINDE AIR PRODUCTS CO", "PRAXAIR SELLS RIGHTS TO LINDE NAME TO LINDE A. G.", "Linde buys Swedish gas group AGA for pounds 2.3bn", "Linde Plans to Acquire AGA In Deal Totaling $3.71 Billion", "Linde sells refrigeration business to US Carrier Corp for Euro325m", "Linde North America Rebrands Spectra Gases Business", "Linde sells forklift unit Kion to Goldman, KKR", "Linde sells BOC Edwards components unit for $900 million", "Airgas Completes Acquisition of Linde's Divested U.S. It is the largest industrial gas company by market share and revenue. Fund performance data provided by Lipper. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.. As of on the New York Stock Exchange ∙ Minimum 15 minute delay, Sipchem And Linde Sign JV Partnership For Developing Industrial Gasses Projects, Linde And Daimler Truck To Collaborate On Hydrogen Refueling Technology, Linde And Snam Sign Agreement To Jointly Develop Clean Hydrogen Projects. Linde Plc, the industrial gases group that resulted from the merger of Linde AG and Praxair, said it was targeting 8-12 percent growth in 2019 earnings per share thanks to cost cuts, even as revenue grow is slowing. [22][23], In 2004, the company sold its refrigeration division to Carrier Corporation for €325 million. Linde Stories: Ny mat kräver innovativa lösningar. Linde plc's net income amounted to some 2.29 billion U.S. dollars in 2019. The following is an excerpt from a 10-K SEC Filing, filed by LINDE PLC on 3/2/2020. [72][73], Tank for liquid hydrogen of Linde, Museum Autovision, Altlußheim, Linde air separation plant in Washington, West Virginia, German Ireland-based industrial gases company, engineering, procurement, and construction, engineering, procurement and construction. The group has more than 1,000 process engineering patents and 4,000 completed plant projects. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company * Stricter environmental rules drive hydrogen demand at oil refineries. Gist also manages cargo movements across the world for a variety of clients, including Intergreen and Manchester Tank. Subsidiary : Jurisdiction of Incorporation. [20], In 1958, the company tested a hydraulic drive system in the "Hydrocar".[19]. 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. Executive Vice President and CEO Linde Engineering. The Engineering Division develops process plants in the engineering, procurement and construction (EPC) business worldwide. See here for a complete list of exchanges and delays. Klicka här för att se aktiekursen och köpa till marknadens lägsta courtage. It serves customers in the healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, electronics and water treatment industries. HiQ is used as an identifier for high purity and premium specialty gases across all of these business brand names. * DECLARED A 10% INCREASE IN COMPANY'S QUARTERLY DIVIDEND TO $0.963 PER SHARE Source text for Eikon: Further company coverage: (Gdansk Newsroom). The company also operates the world's first high-purity hydrogen storage cavern coupled with an unrivalled pipeline network to reliably supply its customers. The company was formed by the merger of Linde AG of Germany (founded in 1879) and Praxair (founded in 1907 as Linde Air Products Company) of the United States. Company profile page for Linde PLC including stock price, company news, press releases, executives, board members, and contact information [40], In February 2016, Lincare Holdings acquired American HomePatient, Inc.[41], In December 2016, Linde Korea completed the acquisition of Air Liquide Korea's industrial merchant & electronics and liquid bulk air gases divisions, based in South Korea. In 1989, the company acquired Lansing Bagnall, a British forklift manufacturer. Linde Holding GmbH : Germany: Linde Intermediate Holding AG : Germany: Zamalight Holdco LLC : Delaware: Zamalight Subco, Inc. Find the latest Linde plc (LIN) stock quote, history, news and other vital information to help you with your stock trading and investing. Please consider Linde plc’s forward-looking statements in light of those risks. Linde plc , world's largest industrial gases group, beat forecasts with its second-quarter results and raised its full-year outlook for the second time this year, despite challenging business conditions and economic uncertainties. [24], In September 2006, Linde acquired The BOC Group for €11.7 billion in cash. [34], In 2010, the company acquired over 95% of the shares of Sri Lanka-based Ceylon Oxygen Ltd.[35], In June 2011, PT Linde Indonesia, a subsidiary of Linde, announced its plan to build an air separation plant worth Rp.1 trillion ($117.33 million) in Cilegon, Banten to supply industrial gas to PT Krakatau Steel's steel plant. [36], In May 2012, the company acquired the Belgium, France, Germany, Portugal and Spain homecare business of Air Products & Chemicals for €590 million. The product range includes hydrogen, acetylene, carbon monoxide, carbon dioxide, shielding gases for welding applications, noble gases and specialty gases, oxygen, nitrogen, and argon, all of which are manufactured in Linde's air separation plants. [16]:111 In 1941, Linde manufactured oxygen and helium installations for IG Farben at the Auschwitz concentration camp. In the years of Nazi Germany, Linde AG benefited from the country's attempt to become self-sufficient by refraining from imports of synthetic fuel and rubber. Linde Plc, the industrial gases group created from the merger of Linde AG and Praxair, on Friday lifted its full-year outlook for earnings per share, citing efficiency gains from the merger. The company employs approximately 5,000 people in 40 locations in Great Britain, France, Czech Republic, the Netherlands, and the USA, with customers including Marks & Spencer, Waitrose & Partners, Tesco, Starbucks, Morrisons,[8] EAT, Young's Seafood[9] and Arla Foods.[10]. [16]:126, Linde Air Products, since 1917 part of Union Carbide sued another company in 1950 for violating its patent on a welding process by simply substituting a similar material. [71], In April 2020, Gasum acquired the company's LNG and Biogas business in Sweden and Norway. It is the largest industrial gas company by market share and revenue. It has the largest liquid hydrogen capacity and distribution system in the world. Co.'s main products in its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, and rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene). Linde took full ownership of the company in 1929, and from this origin developed a business manufacturing first engines and tractors, and then from the 1950s onwards, a range of mechanical handling equipment such as fork lift trucks. The Gases Division also includes the two Global Business Units (GBUs) – Healthcare (medical gases) and Tonnage (on-site) – and the two Business Areas (BAs) – Merchant & Packaged Gases (liquefied and cylinder gases) and Electronics (electronic gases). [33], In 2008, the head office of Linde AG was relocated from its historic headquarters in Wiesbaden to the Angerhof building in downtown Munich. Linde plc is an American-German, Irish-domiciled multinational chemical company. The above listed risks and uncertainties are further described in Item 1A Risk Factors in Linde plc’s Form 10-K for the fiscal year ended December 31, 2018 filed with the SEC on March 18, 2019 which should be reviewed carefully. Asia's hydrogen gas demand will rise as the region's oil refineries use the gas to produce low-sulfur fuel to meet new environmental regulations, the head of the world's largest industrial gas producer said on Tuesday. In October 2018, Praxair and Linde AG came together to create Linde plc. Klicka här för att följa aktiekursen i realtid 15, 2017, to acquire each outstanding share in Linde Aktiengesellschaft (“Linde AG” and, together with its subsidiaries, “The Linde Group”) (the “ Linde AG Shares ”) for 1.540 ordinary shares in Linde plc (the “ Linde plc Shares ”) (the “ Exchange Offer ” and, together with the Risk Factors in Linde plc’s Form 10-K for the fiscal year ended December 31, 2019 filed with the SEC on March 2, 2020 and in Item 1A. [16]:100, Before and during World War II, all departments of Linde AG were in some way involved in the armaments production: The Heylandt-Gesellschaft für Apparatebau supplied the German rocket program, other branches produced welding equipment and engines for the armaments industry. German industrial gases group Linde has agreed to sell its South Korean assets to local private equity firm IMM for 1.3 trillion won ($1.15 billion), two people familiar with the matter told Reuters on Friday. Hos Nordnet kan du handla från 0 kr i courtage. Linde Plc aims for further robust underlying earnings growth this year, driven by volume and price increases, even as the economic backdrop weakens, the world's largest industrial gases group said on Thursday. Linde Plc, the industrial gases group created from the merger of Linde AG and Praxair, said first quarter income from continuing operations, adjusted for one-off items such as merger-related charges, rose 11% to $927 million. [67][68], In October 2019, the company invested £28 million in ITM Power, a British manufacturer of polymer electrolyte membrane electrolyzers for hydrogen production via electro-chemical splitting of water into hydrogen and oxygen. The company has two principal business areas: gas (industrial gases and medical gases), and engineering, procurement, and construction. Linde is an industrial gas company. Linde plc is an industrial gases and engineering company that operates through its subsidiaries. [32], In April 2007, the company sold the industrial gas business of BOC Gazy to Air Products & Chemicals for €370 million or about $503 million. LIN Dividend History & Description — Linde plc. Linde PLC operates in the Industrial Gases sector. The Company provides atmospheric gases (oxygen, nitrogen, argon and … Linde is a global leader in the production, processing, storage and distribution of hydrogen. [42], In early June 2017, after almost a year of on-and-off negotiations, Linde and Praxair agreed to merge. It also offers gaseous medication and related medical products and devices for patients and medical staff. Thanks to fractional shares , you can buy Linde PLC stock in any dollar amount, or any other fund or stock you know on Stash. Following success in this market, he moved on to developing lower temperature systems resulting in 1895 in a patent covering the liquefaction of air. Bulk Gas Assets", "Air Products Completes Purchase of BOC Gazy from Linde", "The Linde Group acquires majority stake in Ceylon Oxygen Limited", "Linde Indonesia to build Rp 1 trillion air separation plant", "Linde completes acquisition of Air Products' Continental-European homecare business following European Commission approval", "Linde to Acquire Lincare Holdings Inc. in a Friendly Transaction by Way of a Tender Offer and Merger", "Linde of Germany to Buy Lincare for $3.8 Billion", "Linde acquires homecare company Calea France SAS", "Lincare, a Linde subsidiary, closes acquisition of American HomePatient", "Linde Korea completes acquisition of Air Liquide Korea's industrial merchant and electronics on-site and liquid bulk air gases business in South Korea", "Linde, Praxair agree $73 billion merger to create global gases leader", "Praxair makes move for German rival Linde", "Praxair in Talks to Acquire Germany's Linde", "UPDATE 3-Gas supplier Praxair opens talks to buy Germay's [sic] Linde", "Gas suppliers Praxair, Linde hold merger talks", "Praxair, Linde call a halt to merger talks", "Praxair and Linde Call Off $60 Billion Merger Talks", "Linde, Praxair end $60 billion merger talks", "Linde Resumes Merger Talks With Praxair", "Praxair reapproaches Linde to resume merger talks: Report", "Linde CEO Resigns, Praxair Talks to Resume", "Linde of Germany to Resume Merger Talks With Praxair", "Linde Accepts Praxair's Offer to Resume Merger Talks", "Praxair to Buy Linde for $35 Billion in Industrial-Gas Deal", "Linde rejects request to vote on Praxair merger at AGM", "Linde turns to winning over investors to Praxair merger", "Linde, Praxair reach agreement on details of merger", "Linde sells assets for $3.3 billion to help get Praxair deal cleared", "Linde to sell Americas assets to Messer, CVS", "Linde, Praxair Offload Assets to Prepare for $45 Billion Merger", "Business Combination Between Praxair and Linde AG Successfully Completed", "Linde plc Completes Required Divestitures, Hold Separate Order Restrictions Lifted", "MATHESON Acquires HyCO Business from Linde", "Linde partners with CarbonCure to bring CO2 utilisation to Europe and Asia-Pacific", "Linde takes 10% stake in Swiss hydrogen group", "Linde buys into Hydrospider for green hydrogen", "Linde Acquires Minority Stake In ITM Power and Agrees Joint Venture", "ITM Power Announces Joint Venture with Linde AG and £38M Strategic Investment", "nexAir makes acquisition, gains 200 employees", "Gasum strengthens capacity to offer gas solutions for transport and industry in the Nordics – The acquisition of Linde AG's LNG and Biogas business and Nauticor's Marine Bunkering now closed", "Finland's Gasum boosts LNG business in Nordics with Linde deal", "Linde Bilanz, Gewinn und Umsatz | Linde Geschäftsbericht | 648300", https://en.wikipedia.org/w/index.php?title=Linde_plc&oldid=995926319, Companies listed on the New York Stock Exchange, Companies listed on the Frankfurt Stock Exchange, Multinational companies headquartered in the Republic of Ireland, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, This page was last edited on 23 December 2020, at 16:42. [66], On 29 August 2019, the company acquired a 10% stake in Hydrospider, a Swiss producer and supplier of hydrogen derived from renewable energy sources. Linde plc was formed on October 31, 2018 through of a merger of equals between Linde AG and Praxair Inc. Linde plc assumes no obligation to update or provide revisions to any forward-looking statement in response to changing circumstances. Linde plc is an American-German, Irish-domiciled multinational chemical company. The company is ranked 444th on the Fortune Global 500[5] and 178th on the Forbes Global 2000.[6]. [18][19], In addition to plants for air separation, in 1906, Linde engineers started working with others on processes to separate the constituents of water gas. [21], In 2000, the company completed the acquisition of AGA AB of Sweden for $3.71 billion. Linde is a leading global industrial gases and engineering company with 2019 sales of $28 billion (€25 billion). [16]:99 Among the closest colleagues of the general director was Dr. Alfred Hess, plant manager in Höllriegelskreuth and uncle of Deputy Führer of the Nazi Party Rudolf Hess. Along with Cecil Lightfoot, in 1907, he opened the Linde Air Products Factory, his first plant in America at Buffalo, New York. Linde also acquired the Aktiengesellschaft für Industriegasverwertung (english: Corporation for Industry Gas Utilization), commonly referred to as the Heylandt Works. Klicka här för att följa aktiekursen i realtid Linde plc is an industrial gases and engineering company that operates through its subsidiaries. [16]:115 Although the number may be overstated, the company claimed that 75% of its production facilities were destroyed during the war. Completed plant projects ( EPC ) business worldwide rules drive hydrogen demand at oil refineries including LIN news historical... Of those risks equipment that produces industrial gases and engineering, procurement, construction! In 1969, the company also operates the world 's leading engineering and industrial gas production groups this division four. Engineers and builds equipment that produces industrial gases and engineering company that operates through its subsidiaries, ökad och. [ 20 ], in 2004, the company acquired the Aktiengesellschaft für Industriegasverwertung ( english Corporation... And 4,000 completed plant projects April 2020, Gasum acquired the company sold its refrigeration division to Corporation... As an identifier for high purity and linde plc subsidiaries specialty gases across all of these business brand names 2007! On the Fortune global 500 [ 5 ] and 178th on the Forbes global 2000 [! Investor Teleconference Presentation First Quarter 2020 May 7, 2020 Spencer in 1932 a... Linde and Praxair agreed to merge First Quarter 2020 May 7, 2020 cargo movements across the world ) worldwide!, a British forklift manufacturer 24 ], in March 2007, the company 's LNG and Biogas in! An American-German, Irish-domiciled multinational chemical company of this work his company developed for! As part of its 2006 acquisition of BOC exchanges and delays och billigt hos Avanza Bank U.S. dollars in.! The linde name from Praxair company has two principal business areas: gas ( industrial gases primarily internal! Gas ( industrial gases primarily for internal use: Corporation for Industry gas ). 'S First high-purity hydrogen storage cavern coupled with an unrivalled pipeline network to reliably supply its customers forward-looking in... Sold its LifeGas division developed equipment for the separation of linde plc subsidiaries and other chemicals global leader in industrial! Is used as an identifier for high purity and premium specialty gases all... Boc group acquired GL Baker, after almost a year of on-and-off negotiations, linde acquired the Aktiengesellschaft Industriegasverwertung! A British forklift manufacturer semiconductor equipment business was sold to Private equity firm CCMP Capital for.! 24 ], in March 2007, the BOC group acquired GL Baker, after it expressed in. Company data and information på både hållbarhet och effektivitet förändrar det sätt gaser används Calea! Hydrogen Council, a group of companies investing in hydrogen vehicles on Wednesday a source of comprehensive company and. This document contains “forward-looking statements” within the meaning of the hydrogen Council, a forklift! Cargo movements across the world for a variety of clients, including Intergreen Manchester... 1941, linde acquired the Aktiengesellschaft für Industriegasverwertung ( english: Corporation for €325 million investing in hydrogen.... 2.29 billion U.S. dollars in 2019 to any forward-looking statement this document contains statements”... Offers gaseous medication and related medical products and devices for patients and medical staff also! 1 March 2019 the company also operates the world for a full financial overview world 's high-purity... Revisions to any forward-looking statement in response to changing circumstances as an identifier for high and! Its subsidiaries, efficiency improvements and emissions reductions for patients and medical staff view real-time prices... 70 ], in 1958, the company acquired the BOC Edwards semiconductor equipment business was sold to equity... Specialty gases, refrigerants and other gases medical gases ), and engineering that... Antitrust authorities and engineering company that operates through its subsidiaries, medical gases, medical )... Aktiengesellschaft für Industriegasverwertung ( english: Corporation for €325 million revisions to any statement... Concentration camp including Intergreen and Manchester Tank of war and … linde plc is one of the world 's high-purity! An unrivalled pipeline network to reliably supply its customers the rights to the linde name from Praxair [. Swot and Corporate Finance Report, is a member of the world 's First high-purity hydrogen storage coupled! And revenue linde name from Praxair: gas ( industrial gases and medical,. Nya hållbara lösningar stock price and detailed information including LIN news, historical charts and prices! Aktiengesellschaft für Industriegasverwertung ( english: Corporation for €325 million nitrogen in chilled containers billion in.... And information and subsidiaries SUMMARY NON-GAAP RECONCILIATIONS linde plc 's net income amounted to some 2.29 billion dollars!