M&A Deal Summary

Linde Acquires Praxair

On December 20, 2016, Linde acquired chemicals company Praxair

Acquisition Highlights
  • This is Linde’s 3rd transaction in the Chemicals sector.
  • This is Linde’s 2nd transaction in the United States.
  • This is Linde’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2016-12-20
Target Praxair
Sector Chemicals
Buyer(s) Linde
Deal Type Merger
Advisor(s) Credit Suisse Investment Banking (Financial)
Sullivan & Cromwell (Legal)

Target

Praxair

Danbury, Connecticut, United States
website
View of Praxair's corporate headquarters in Danbury, Connecticut.
View of Praxair's corporate headquarters in Danbury, Connecticut.
Praxair is an industrial gases company that produces, sells, and distributes atmospheric and process gases, and high-performance surface coatings. The company's products, services, and technologies serve a variety of industries including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals, and others. Praxair was formed in 1907 and is based in Danbury, Connecticut.

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Buyer(S) 1

Buyer

Linde

Woking, United Kingdom

website

Category Company
Founded 1879
Sector Chemicals
Employees65,831
Revenue 33.4B USD (2022)
DESCRIPTION

Linde is an international industrial gas and engineering company that offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants. Linde was founded in 1879 and is based in Woking, United Kingdom.

DEAL STATS #
Overall 4 of 5
Sector (Chemicals) 3 of 3
Type (Merger) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 2 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-16 Leengate Valves

Derbyshire, United Kingdom

Leengate Valves Ltd. is a wholesaler of industrial valves to resellers in the gas, water and industrial markets. The company also supplies engineering actuation and automation packages. Leengate Valves is based in Derbyshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 Specialized Medical Services

Milwaukee, Wisconsin, United States

Specialized Medical Services, Inc. is a provider of quality oxygen and nutritional supplement products and consulting services to long-term, renal and oncological healthcare organizations. Healthcare organizations range from hospitals, dialysis and oncology clinics to nursing homes, hospices and rehabilitation agencies. The investment was exited via a recapitalization transaction.

Buy -
Mergr

Product

Company

Legal