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Linde Group history
Linde Group company history timeline
Its materials handling business received a boost through the purchase of Lansing in Great Britain, in 1989.
In 1991, Linde ranked 334th in sales among the world's industrial companies, with sales of $4.17 billion and profits of $147 million.
In 1999, AGA held a strong market position in Europe and North and South America.
The highlights of the Division's overseas performance was the successful supply of a 2000 tpd ASU to PT Linde Indonesia at Cilegon Indonesia which was commissioned during the year for supply of gases to POSCO Steel works.
2000: Company buys AGA AB, becoming Europe's second largest industrial gas group.
According to an April 2002 Chemical Week article, Linde ranked fourth among major worldwide industrial gas producers, tied with Air Products and Chemicals, and behind Air Liquide, BOC, and Praxair.
The deal closed in September 2004, bringing to an end the business line on which it was founded.
During the year 2004-05 two prestigious projects viz 2x55 tpd Vaccum Pressure Swing Adsorption plants for Kochi Refineries and compressed air facilities for National Aerospace Laboratory were commissioned.
2004: Company exits refrigeration business.
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%, Taiyo Nippon Sanso Corporation with 4%, Airgas with 3% and Messer Group with 1%.
In June 2006 the company has signed a long-term gas supply contract with JSW Steel Ltd for supply of over 3000 tonnes per day of gaseous oxygen nitrogen and argon.
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.
After The Linde Group took over BOC in 2006, it also acquired Gist.
In March 2007 the BOC Edwards semiconductor equipment business was sold to CCMP Capital for €685m.
In 2008, the head office of Linde AG was relocated from its historic headquarters in Wiesbaden to Munich; the new company headquarters are located in the Angerhof building in downtown Munich; the Group's new name is The Linde Group.
In 2010 the group acquired over 95% of the shares of Sri Lanka based, Ceylon Oxygen Ltd.
In June 2011, PT Linde Indonesia, a subsidiary of the Linde group, 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 Posco's steel plant.
Lincare Holdings had sales of US$1.8 billion in 2011.
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.
In August 2012, the company acquired Lincare Holdings Inc., a healthcare gas provider in the USA for US$4.6 billion.
In February 2016, Lincare Holdings acquired American HomePatient, Inc.
Linde's revenue in 2016 were €16.948 billion, with 59,715 employees.
In early June 2017, both companies agreed to the merger.
Gist Limited's UK operations reported an annual revenue of £437m in December 2017.
On October 31, 2018 the Company declared that business combination between Praxair and Linde AG had been successfully completed except finalising divestitures required by the respective antitrust authorities.
On August 9, 2019 Linde has partnered with CarbonCure Technologies.
The approval of the shareholders for the divestment of the Belloxy Divestment Business to Inox Air Products Pvt Ltd was obtained on 20 February 2020.
In view of this LSAS Services Private Ltd. became a Joint Venture Company of your Company with effect from 24 March 2020.
26 August 2020.As on 31 December 2020the company had ZERO outstanding borrowings.
At 1.79 million, demat accounts opened in June fewest since Feb 2021
However in view of Inox AP's inability to acquire the said business the Company had informed the same to the Hon'ble Competition Commission of India seeking extension of the Hold Separate arrangement for the balance tenure of the Gas Supply Agreement up to 14 November 2021.
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Linde Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Defense Technologies International | 1998 | $7.3M | 50 | 12 |
| TASER Self-Defense | 1993 | $863.4M | 1,700 | 758 |
| Tessera | 1990 | $273.3M | 200 | - |
| GRT | 1995 | $5.0M | 20 | 5 |
| EADS North America Holdings Inc | 2002 | $1.3B | 35 | - |
| OSI Systems | 1987 | $1.5B | 6,667 | 1 |
| Automation Technology | 1998 | $24.4M | 50 | - |
| Naismith Engineering | 1949 | $450,000 | 50 | - |
| Electronic Technology, Inc. | - | $13.0M | 50 | - |
| TSM | - | $2.9M | 95 | - |
Linde Group history FAQs
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Linde Group may also be known as or be related to Linde Group and The Linde Group, Inc.