:Linde plc

{{short description|Largest global industrial gas producer}}

{{Use dmy dates|date=April 2018}}

{{Infobox company

| name = Linde plc

| logo = Linde plc logo.png

| image =

| type = Public

| traded_as = {{Unbulleted list|{{NASDAQ|LIN}}|Nasdaq-100 component|S&P 100 component|S&P 500 component}}

| ISIN = {{ISIN|sl=n|pl=y|IE000S9YS762}}

| industry = Chemical industry

| founder = Carl von Linde

| key_people = {{unbulleted list|Sanjiv Lamba (CEO)|Steve Angel (chairman)|Matthew J. White (CFO)}}

| products = Industrial gas production, medical gas and air separation physical plant engineering, logistics services

| founded = {{start date and age|df=y|1879|6|21}}

| hq_location = {{ubl|Woking, United Kingdom (principal executive offices)|Dublin, Ireland
(legal domicile)}}

| revenue = {{increase}} {{US$|33.01 billion|link=yes}} (2024)

| operating_income = {{increase}} US$8.635 billion (2024)

| net_income = {{increase}} US$6.565 billion (2024)

| assets = {{decrease}} US$80.15 billion (2024)

| equity = {{decrease}} US$38.09 billion (2024)

| num_employees = 65,289 (2024)

| subsid = Praxair, Lincare Holdings, BOC, Afrox, American HomePatient, NuCo2, AUECC, GTG Plin, Nauticor

| website = {{URL|linde.com}}

| footnotes = {{cite web | url=https://www.sec.gov/ix?doc=/Archives/edgar/data/0001707925/000162828025007990/lin-20241231.htm | title=Linde plc 2024 Form 10-K Annual Report | publisher=U.S. Securities and Exchange Commission |date=February 26, 2025}}{{Cite web|url=https://www.linde.com/about-linde/leadership|title = Leadership}}

}}

File:GAN1800.jpg

Linde is a global multinational chemical company and the world's largest industrial gas supplier by market share and revenue. Founded by German scientist and engineer Carl von Linde in 1879 in Wiesbaden, Germany, the company is now headquartered in Woking, United Kingdom, and registered in Ireland as Linde plc.{{Cite web |title=Imprint |url=https://www.linde.com/imprint |website=Linde plc}} Linde plc was formed in 2018 through the merger of Linde AG and Praxair, which was founded in 1907 in the United States as Linde Air Products Company.

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, ammonia, electronic gases, specialty gases, and acetylene. Linde's products are used in the healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, material handling equipment (MHE), chemicals, electronics and water treatment industries.

Linde is ranked 463rd on the Fortune Global 500{{cite web | url=https://fortune.com/company/linde/global500/ | title=Fortune Global 500: Linde | publisher=Fortune}} and 187th on the Forbes Global 2000.{{cite web |url=https://www.forbes.com/companies/linde/ |title=Linde |work=Forbes}}

Operations

The company has two principal business areas: gas (industrial gases and medical gases), and engineering, procurement, and construction.

=Gases=

In the industrial gas area, the company uses the brand names Linde, AGA, BOC, TIG, Mox-Linde Gases, Afrox, Sigas 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, the company uses the brand names Linde Gas Therapeutics, AGA Medical, INO Therapeutics, Linde Homecare, and Farmadomo.

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. This division has four operating segments, Western Europe, the Americas, Asia & Eastern Europe, and South Pacific & Africa. These segments are subdivided into eight Regional Business Units (RBUs). 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).

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.

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 Engineering=

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. The Engineering Division develops process plants in the engineering, procurement and construction (EPC) business worldwide.

The group has more than 1,000 process engineering patents and 4,000 completed plant projects.

{{cite web |url=https://www.linde-engineering.com/en/about-linde-engineering/index.html |title=Linde Engineering | url-status=live |archiveurl=https://web.archive.org/web/20160524082800/http://www.linde-engineering.com/en/about_linde_engineering/index.html |archivedate=24 May 2016 |df=dmy-all }}

The product range includes:

Linde is also a member of the Hydrogen Council, a group of companies investing in hydrogen vehicles.{{cite news |last=Amelang |first=Sören |date=3 April 2019 |title=Gas group Linde says it is "absolutely sure" there is a future for hydrogen cars |url=https://www.cleanenergywire.org/news/gas-group-linde-says-it-absolutely-sure-there-future-hydrogen-cars |work=Clean Energy Wire}}{{cite news |date=4 April 2019 |title=Gas Group Linde says it is "absolutely sure" there is a future for hydrogen cars |url=https://fuelcellsworks.com/news/gas-group-linde-says-it-is-absolutely-sure-there-is-a-future-for-hydrogen-cars/ |work=Fuel Cells Works}} The company expects hydrogen vehicles to compete with electric vehicles and has invested in wind powered plants that convert water to hydrogen.{{cite news |last=Smalley |first=Joshua |date=10 July 2015 |title=Linde wind plant a necessary step in creating hydrogen-fueled cars |url=https://www.windpowerengineering.com/linde-wind-plant-a-necessary-step-in-creating-hydrogen-fueled-cars/ |work=Wind Power Engineering & Development}}

History

File:Trinity - Explosion 15s.jpg used to produce the United States' first atom bombs from 1942 to 1948 was processed by Linde Air Products in Tonawanda, New York.{{cite web | title=Linde Air Products | publisher=National Institute for Occupational Safety and Health | url=https://www.cdc.gov/niosh/oerp/linde.html | url-status=live | archiveurl=https://web.archive.org/web/20150924140823/http://www.cdc.gov/niosh/oerp/linde.htm | archivedate = 24 September 2015 | df=dmy-all }} This company originally had been founded as U.S. branch of the German “Gesellschaft für Linde´s Eismaschinen Aktiengesellschaft” in 1907, but had been expropriated in 1917 and was integrated into Union Carbide & Carbon Corporation.{{Cite book | last=Dienel| first=Hans-Liudger |title=Linde: History of a Technology Corporation, 1879-2004 | url=https://books.google.com/books?id=afmADAAAQBAJ | publisher=Palgrave Macmillan | date=14 June 2004| isbn=978-0-230-50953-5}}{{rp|82–83}} The New York Times reported in 1981 that {{convert|37|e6gal|e6L|abbr=off|sp=us}} of radioactive caustic wastes from the Manhattan Project was dumped into nearby shallow wells specifically chosen "to hide the source of the contamination".{{cite web | last=Blumenthal | first=Ralph | title=Big Atom Waste Site Reported Found Near Buffalo | work=The New York Times | date=1 February 1981 | url=https://www.nytimes.com/1981/02/01/nyregion/big-atom-waste-site-reported-found-near-buffalo.html | url-status=live | archiveurl=https://web.archive.org/web/20170304141139/http://www.nytimes.com/1981/02/01/nyregion/big-atom-waste-site-reported-found-near-buffalo.html | archivedate=4 March 2017 | df=dmy-all | url-access=subscription}} Active remediation of sites in Tonawanda was completed in 2013 and have been in a long-term surveillance and maintenance since 2017.{{Cite web |date= |title=Fact Sheet Tonawanda New York Site |url=https://www.energy.gov/lm/articles/tonawanda-new-york-site-fact-sheet |access-date=March 12, 2023 |website=United States Department of Energy}}

]]

On 21 June 1879, Carl von Linde founded the Gesellschaft für Linde's Eismaschinen Aktiengesellschaft to develop further his work in developing mechanical refrigeration systems for the brewing and food industries. Following success in this market, he moved on to developing lower temperature systems resulting in 1895 in a patent covering the liquefaction of air. Out of this work his company developed equipment for the separation of air and other gases. 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.{{rp|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. Along with Cecil Lightfoot, in 1907, he opened the Linde Air Products Factory, his first plant in America at Buffalo, New York.{{cite book | chapter-url=https://link.springer.com/chapter/10.1007%2F978-1-4615-0197-8_5 | chapter=Development of the Industrial Gas Business | first=Ebbe | last=Almqvist | title=History of Industrial Gases | publisher=Springer Science+Business Media | year=2003| pages=187–302 | doi=10.1007/978-1-4615-0197-8_5 | isbn=978-1-4613-4962-4 }}{{cite web | url=http://www.linde.hu/hu/images/chronicle_e%5B1%5D_tcm68-9855.pdf | title=125 Years of Linde, A Chronicle}}

In addition to plants for air separation, in 1906, Linde engineers started working with others on processes to separate the constituents of water gas. This work lead to the 1909 invention of the Linde–Frank–Caro process to produce hydrogen and carbon monoxide, which were further key feedstocks for the emerging chemicals industry.

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. 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. Linde also acquired the Aktiengesellschaft für Industriegasverwertung (English: Corporation for Industry Gas Utilization), commonly referred to as the Heylandt Works.

Following World War I, Linde's U.S. assets were confiscated. They were incorporated into the Union Carbide Corporation (UCC) as the Linde Air Products division in 1917.{{cite web | url=https://www.unioncarbide.com/history.html | title=History - Union Carbide Company }} Eventually, in 1992, this part of Union Carbide was spun off as Union Carbide Industrial Gases Inc., and renamed Praxair. In 2018 this became part of Linde when Linde merged with Praxair.

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. 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.{{rp|99}}

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.{{rp|111}} In 1941, Linde manufactured oxygen and helium installations for IG Farben at the Auschwitz concentration camp. Three further planned installations were not installed due to the course of war.{{rp|113–114}} According to estimates of the company for mid-1944, between 400 and 500 people were used as forced labourers in production plants.{{rp|115}} The company claimed that 75% of its production facilities were destroyed during the war.{{rp|126}}

In 1958, the company tested a hydraulic drive system in the "Hydrocar".

In 1989, the company acquired Lansing Bagnall, a British forklift manufacturer.

In 1996, the company acquired the rights to the Linde name from Praxair.{{cite news | url=https://www.nytimes.com/1996/01/19/business/company-news-praxair-sells-rights-to-linde-name-to-linde-a-g.html | title=PRAXAIR SELLS RIGHTS TO LINDE NAME TO LINDE A. G. | agency=Dow Jones & Company | work=The New York Times | date=January 19, 1996 | url-access=subscription}}

In 2000, the company completed the acquisition of AGA AB of Sweden for $3.71 billion.{{cite news | url=https://www.independent.co.uk/news/business/linde-buys-swedish-gas-group-aga-for-pounds-23bn-1113282.html |archive-url=https://ghostarchive.org/archive/20220614/https://www.independent.co.uk/news/business/linde-buys-swedish-gas-group-aga-for-pounds-23bn-1113282.html |archive-date=14 June 2022 |url-access=subscription |url-status=live | title=Linde buys Swedish gas group AGA for pounds 2.3bn | work=The Independent | date=17 August 1999}}{{cite news | url=https://www.wsj.com/articles/SB934790442638102964 | title=Linde Plans to Acquire AGA In Deal Totaling $3.71 Billion | first=Almar | last=Latour | work=The Wall Street Journal | date=17 August 1999| url-access=subscription}}

In the early 2000, Brazilian auction was invented as a new type of auctions to trade gas by electronic auctions for Linde plc in Brazil.{{cite web |title=Enterprise Sourcing Cockpit 4.5: Höhere Benutzerfreundlichkeit und neue Auktionsform |url=https://www.portalderwirtschaft.de/pressemitteilung/16951/enterprise-sourcing-cockpit-4-5-hoehere-benutzerfreundlichkeit-und-neue-auktionsform.html |website=PortalDerWirtschaft.de |language=de}}{{cite web |last1=Bernhard |first1=Andreas |title=Elektronische Auktionen und Ausschreibungen bei Linde Gas – Die Spieltheorie im E-Sourcing |url=https://www.chemietechnik.de/wp-content/uploads/migrated/docs/artikel/2042.pdf |website=chemietechnik.de |access-date=29 January 2020 |archive-date=29 January 2020 |archive-url=https://web.archive.org/web/20200129202542/https://www.chemietechnik.de/wp-content/uploads/migrated/docs/artikel/2042.pdf |url-status=dead }}

In 2004, the company sold its refrigeration division to Carrier Corporation for €325 million.{{Cite news | url=https://www.icis.com/explore/resources/news/2004/03/15/566198/linde-sells-refrigeration-business-to-us-carrier-corp-for-euro325m/ | title=Linde sells refrigeration business to US Carrier Corp for Euro325m | first=Russell | last=Ong | work=ICIS | date=15 March 2004}}

In September 2006, Linde acquired BOC for €11.7 billion in cash.{{cite news | url=https://www.theguardian.com/business/2006/mar/06/money1 | title=Linde completes BOC takeover | work=The Guardian | date=6 March 2006}}{{cite news | url=https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/linde-acquires-boc/articleshow/1967319.cms | title=Linde acquires BOC | work=The Economic Times | date=7 September 2006}}

Linde's forklift business was rebranded as KION Group and sold to KKR and Goldman Sachs for €4bn in January 2007.{{Cite news | url=https://www.reuters.com/article/us-manufacturing-linde/linde-sells-forklift-unit-kion-to-goldman-kkr-idUSLAE58264420061106 | title=Linde sells forklift unit Kion to Goldman, KKR | first=Ulf | last=Laessing | work=Reuters | date=19 January 2007}}

In March 2007, the BOC Edwards semiconductor equipment business was sold to private equity firm CCMP Capital for €685m.{{cite news | url=https://www.marketwatch.com/amp/story/guid/F6A54E50-9B03-43CA-AFE8-67F411F4C19C | title=Linde sells BOC Edwards components unit for $900 million | first=Steve | last=Goldstein | work=MarketWatch | date=12 March 2007}}{{cite news | url=http://archive.boston.com/news/world/europe/articles/2007/03/12/linde_group_sells_part_of_boc_edwards/ | title=Linde sells BOC Edwards unit to CCMP | work=The Boston Globe | date=12 March 2007}}{{cite news | url=https://www.eetimes.com/linde-sells-boc-to-buyout-specialist/ | title=Linde sells BOC to buyout specialist | first=Mark | last=LaPedus | work=EE Times | date=12 March 2007}} Also in March 2007, eight air separation units and related bulk gas business, with about 300 employees, were sold to Airgas for $495 million in cash.{{Cite press release | url=https://www.businesswire.com/news/home/20070309005611/en/Airgas-Completes-Acquisition-of-Lindes-Divested-U.S.-Bulk-Gas-Assets | title=Airgas Completes Acquisition of Linde's Divested U.S. Bulk Gas Assets | publisher=Business Wire | date=9 March 2007}}

In April 2007, the company sold the industrial gas business of BOC Gazy to Air Products & Chemicals for €370 million or about $503 million.{{cite press release | url=http://www.airproducts.com/company/news-center/2007/04/0430-air-products-completes-purchase-of-boc-gazy-from-linde.aspx | title=Air Products Completes Purchase of BOC Gazy from Linde | publisher=Air Products & Chemicals | date=30 April 2007 | access-date=26 September 2020 | archive-date=27 July 2019 | archive-url=https://web.archive.org/web/20190727012715/http://www.airproducts.com/Company/news-center/2007/04/0430-air-products-completes-purchase-of-boc-gazy-from-linde.aspx | url-status=dead }}

In 2008, the head office of Linde AG was relocated from its historic headquarters in Wiesbaden to the Angerhof building in downtown Munich.{{cite web | url=https://www.handelsblatt.com/unternehmen/industrie/neue-konzernzentrale-fuer-linde-liegt-die-zukunft-in-muenchen/2716990.html?ticket=ST-17000-WoGVtcM97ucaOKziugJC-ap2 | title=Für Linde liegt die Zukunft in München | trans-title=For Linde, the future lies in Munich | work=Handelsblatt | date=10 October 2006 | language=de}}

In 2010, the company acquired over 95% of the shares of Sri Lanka–based Ceylon Oxygen Ltd.{{cite press release | url=http://www.lindekorea.com/en/news_and_media/press_releases/news_2010_1018_1.html | title=The Linde Group acquires majority stake in Ceylon Oxygen Limited | publisher=Linde plc | date=16 October 2010}}

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.{{cite news | url=http://www.thejakartapost.com/news/2011/06/11/linde-indonesia-build-rp-1-trillion-air-separation-plant.html | title=Linde Indonesia to build Rp 1 trillion air separation plant | work=The Jakarta Post | date=11 June 2011}}

In May 2012, the company acquired the Belgium, France, Germany, Portugal and Spain homecare business of Air Products & Chemicals for €590 million.{{cite press release | url=https://www.linde.pt/en/news_and_media/press_releases/news_120502.html | title=Linde completes acquisition of Air Products' Continental-European homecare business following European Commission approval | publisher=Linde | date=2 May 2012 }}

In August 2012, the company acquired Lincare Holdings, a healthcare gas provider in the US for US$4.6 billion to become the largest home care gas supplier in North America.{{cite press release | url=https://www.globenewswire.com/news-release/2012/07/02/272538/260985/en/Linde-to-Acquire-Lincare-Holdings-Inc-in-a-Friendly-Transaction-by-Way-of-a-Tender-Offer-and-Merger.html | title=Linde to Acquire Lincare Holdings Inc. in a Friendly Transaction by Way of a Tender Offer and Merger | publisher=GlobeNewswire | date=2 July 2012}}{{cite news | url=https://dealbook.nytimes.com/2012/07/01/linde-of-germany-to-buy-lincare-for-3-5-billion/ | title=Linde of Germany to Buy Lincare for $3.8 Billion | first=Michael | last=De La Merced | work=The New York Times | date=1 July 2012| url-access=subscription}}

In December 2012, the company acquired homecare company Calea France SAS.{{cite press release | url=https://finance.yahoo.com/news/linde-acquires-homecare-company-calea-085323291.html | title=Linde acquires homecare company Calea France SAS | publisher=Marketwire | date=17 December 2012}}

In February 2016, Lincare Holdings acquired American HomePatient, Inc.{{cite web| url=https://www.linde-engineering.com/en/news_and_media/press_releases/news_20160202| title=Lincare, a Linde subsidiary, closes acquisition of American HomePatient | publisher=Linde plc | date=2 February 2016}}

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.{{cite web |url=https://www.oilandgas360.com/linde-korea-completes-acquisition-of-air-liquide-koreas-industrial-merchant-and-electronics-on-site-and-liquid-bulk-air-gases-business-in-south-korea/ |title=Linde Korea completes acquisition of Air Liquide Korea's industrial merchant and electronics on-site and liquid bulk air gases business in South Korea | publisher=PR Newswire | date=15 December 2016}}

In early June 2017, after almost a year of on-and-off negotiations, Linde and Praxair, the successor to UCC's Linde Air Products division, agreed to merge.{{cite news |url=http://uk.reuters.com/article/uk-linde-m-a-praxair-idUKKBN18S5YB| title=Linde, Praxair agree $73 billion merger to create global gases leader| first=Georgina| last=Prodhan |work=Reuters | date=June 2017|url-status=dead |archive-url=https://web.archive.org/web/20170603093033/http://uk.reuters.com/article/uk-linde-m-a-praxair-idUKKBN18S5YB |archive-date=3 June 2017|df=dmy-all}}

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.{{cite news | url=https://www.reuters.com/article/us-linde-m-a-praxair-antitrust-selloff/linde-sells-assets-for-3-3-billion-to-help-get-praxair-deal-cleared-idUSKBN1K61CK | title=Linde sells assets for $3.3 billion to help get Praxair deal cleared | first=Ludwig | last=Burger | work=Reuters | date=16 July 2018}}{{cite news | url=https://www.marketwatch.com/story/linde-to-sell-americas-assets-to-messer-cvs-2018-07-16 | title=Linde to sell Americas assets to Messer, CVS | first=Max | last=Bernhard | work=MarketWatch | date=16 July 2018}}{{cite news | url=https://www.bloomberg.com/news/articles/2018-09-19/linde-praxair-are-said-to-offload-more-assets-to-messer-cvc | title=Linde, Praxair Offload Assets to Prepare for $45 Billion Merger | first1=Eyk | last1=Henning | first2=Oliver | last2=Sachgau | work=Bloomberg News | date=19 September 2018 | url-access=subscription}}

On 31 October 2018, the merger was completed except finalising divestitures required by the respective antitrust authorities.{{cite press release |url=https://www.linde.com/news-media/press-releases/2018/business-combination-between-praxair-and-linde-ag-successfully-completed | title=Business Combination Between Praxair and Linde AG Successfully Completed |publisher=linde.com}} On 1 March 2019 the company completed divestitures required by US antitrust authorities.{{cite press release |url=https://www.linde.com/news-media/press-releases/2019/linde-plc-completes-required-divestitures-hold-separate-order-restrictions-lifted |title=Linde plc Completes Required Divestitures, Hold Separate Order Restrictions Lifted |publisher=linde.com}}

On 28 February 2019, Matheson acquired Linde HyCO, divested to comply with the regulatory terms of the Praxair merger.{{Cite press release | url=https://www.businesswire.com/news/home/20190228006068/en/MATHESON-Acquires-HyCO-Business-from-Linde | title=MATHESON Acquires HyCO Business from Linde | publisher=Business Wire | date=February 28, 2019}}

On 9 August 2019 Linde partnered with CarbonCure Technologies.{{cite web |url=https://www.gasworld.com/linde-partners-with-carboncure/2017637.article |title=Linde partners with CarbonCure to bring CO2 utilisation to Europe and Asia-Pacific |date=9 August 2019 |publisher=GasWorld.com}}

On 29 August 2019, the company acquired a 10% stake in Hydrospider, a Swiss producer and supplier of hydrogen derived from renewable energy sources.{{Cite news | url=https://www.reuters.com/article/us-linde-pu-hydrogen/linde-takes-10-stake-in-swiss-hydrogen-group-idUSKCN1VJ0VG | title=Linde takes 10% stake in Swiss hydrogen group | work=Reuters | date=29 August 2019}}{{Cite news | url=https://www.electrive.com/2019/08/29/linde-buys-into-hydrospider/ | title=Linde buys into Hydrospider for green hydrogen | work=Electrive | date=29 August 2019}}

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.{{cite press release | url=https://www.accesswire.com/563904/Linde-Acquires-Minority-Stake-In-ITM-Power-and-Agrees-Joint-Venture | title=Linde Acquires Minority Stake In ITM Power and Agrees Joint Venture | publisher=Accesswire | date=29 October 2019}}{{Cite news | url=https://fuelcellsworks.com/news/itm-power-announce-joint-venture-with-linde-ag-and-38m-strategic-investment/ | title=ITM Power Announces Joint Venture with Linde AG and £38M Strategic Investment | work=Fuels Cells Works | date=29 October 2019}}

In January 2020, the company sold its LifeGas division.{{cite news | url=https://www.bizjournals.com/memphis/news/2020/01/13/nexair-makes-acquisition-gains-200-employees.html | title=nexAir makes acquisition, gains 200 employees | first=John | last=Klyce | work=American City Business Journals | date=13 January 2020}}

In April 2020, Gasum acquired the company's LNG and Biogas business in Sweden and Norway.{{Cite press release | url=https://www.gasum.com/en/About-gasum/for-the-media/News/2020/gasum-strengthens-capacity-to-offer-gas-solutions-fortransport-and-industry-in-the-nordics/ | title=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 | publisher=Gasum | date=30 April 2020}}{{cite news | url=https://www.reuters.com/article/uk-finland-gas-m-a-gasum/finlands-gasum-boosts-lng-business-in-nordics-with-linde-deal-idUKKBN1XN1X0 | title=Finland's Gasum boosts LNG business in Nordics with Linde deal | first=Lefteris | last=Karagiannopoulos | work=Reuters | date=13 November 2019}}

In 2021 Linde and the Turkish construction company Renaissance Heavy Industries were awarded a contract to build a Liquified Natural Gas terminal at Ust-Luga in Russia.{{cite web |title=Linde, Renaissance Heavy score Ust-Luga LNG EPC deal |url=https://lngprime.com/contracts-and-tenders/linde-renaissance-heavy-score-ust-luga-lng-epc-deal/28310/ |date=9 September 2021}} Following the 2022 Russian invasion of Ukraine, sanctions were introduced which restricted Linde completing the contract. Russia accordingly froze assets of Linde in Russia, who has an exposure of €1 billion in the country.{{cite web |title=Court freezes Linde’s Russian assets in Baltic LNG spat |url=https://www.upstreamonline.com/politics/court-freezes-linde-s-russian-assets-in-baltic-lng-spat/2-1-1382985 |date=4 January 2023}}

In September 2022, Linde sold Gist Limited to Marks & Spencer for £145 million.{{Cite news | url=https://markets.ft.com/data/announce/full?dockey=1323-15652707-2LKNLGKK9CI0QQSO3MA00EPL4S | title=Marks & Spencer completes acquisition of Gist | work=Financial Times | date=30 September 2022}} Gist, headquartered at Chineham Business Park, Basingstoke, offers supply chain services including end-to-end management and customer fulfilment through transport and warehousing. Gist was acquired by Linde as part of its 2006 acquisition of BOC.{{Cite news| url=https://www.theguardian.com/business/2006/mar/06/1| title=Germany's Linde acquires BOC to create world's biggest gases group| last=Gow| first=David | date=6 March 2006| work=The Guardian |issn=0261-3077}}

File:Storage tanks by Linde group, Schiedam-8228.jpg|Linde Gas Schiedam Storage

Linde-Wasserstofftank.JPG|Tank for liquid hydrogen of Linde, Museum Autovision, Altlußheim

TrailH2 DTMB Maerz 2008 (32).JPG|trailH2

Linde E20 Elektrostapler r.jpg|Linde E20

Linde (previously AGA) air separation plant in Washington, West Virginia..JPG|Linde air separation plant in Washington, West Virginia

Financial data

class="wikitable"

|+Financial data in $ billions{{Cite web |title=Linde Bilanz & Dividenden |url=https://www.wallstreet-online.de/aktien/rounderway-aktie/bilanz-dividende |access-date=2025-05-09 |website=wallstreetONLINE |language=de}}

!Year

!2020

!2021

!2022

!2023

!2024

Revenue

|27.243

|30.793

|33.364

|32.854

|33.005

Net Income

|2.501

|3.826

|4.147

|6.199

|6.565

Assets

|88.229

|81.605

|79.658

|80.811

|80.147

{{Portal|Companies}}

References

{{Reflist}}