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Linde plc

Global multinational chemical company

Linde plc, founded in Germany, is now based in Ireland and headquartered in the UK. It is the world's largest industrial gas company, serving various industries with atmospheric and process gases. Formed in 2018 by the merger of Linde AG and Praxair, the company is a member of the Hydrogen Council and is investing in hydrogen vehicles. Linde plc is ranked on the Fortune Global 500 and Forbes Global 2000.

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Timeline

187
Ranking on the Forbes Global 2000
Linde plc holds the 187th position on the Forbes Global 2000 list. The company's presence in various sectors such as healthcare, manufacturing, and electronics contributes to its ranking.
463
Ranking on the Fortune Global 500
Linde plc is ranked 463rd on the Fortune Global 500 list. The company's diverse operations in industrial gases and engineering contribute to its global standing.
1879-06-21
Foundation of Gesellschaft für Linde's Eismaschinen Aktiengesellschaft
Carl von Linde founded Gesellschaft für Linde's Eismaschinen Aktiengesellschaft to further develop mechanical refrigeration systems for brewing and food industries. The company later expanded into developing lower temperature systems and patented the liquefaction of air in 1895.
1902
Patent of Linde's air separation process
Carl von Linde patented his air separation process in 1902, which was immediately utilized in the first large-scale air separation plant installed near Munich in 1903.
1907
Opening of Linde Air Products Factory in America
In 1907, Carl Von Linde, along with Cecil Lightfoot, opened the Linde Air Products Factory in Buffalo, New York, marking the company's expansion into America for industrial scale oxygen extraction.
1909
Invention of Linde–Frank–Caro process
In 1909, Linde engineers developed the Linde–Frank–Caro process to produce hydrogen and carbon monoxide, key feedstocks for the emerging chemicals industry.
1917
Incorporation of Linde Air Products into Union Carbide Corporation
After World War I, Linde's U.S. assets were confiscated and incorporated into the Union Carbide Corporation as the Linde Air Products division in 1917.
1929
Carl von Linde takes full ownership of Güldner Motoren-Gesellschaft mbH
In 1929, Carl von Linde took full ownership of Güldner Motoren-Gesellschaft mbH, a company he had formed in partnership with others in 1904, which later evolved into a business manufacturing engines, tractors, and mechanical handling equipment.
1935
Friedrich Linde receives Wehrwirtschaftsführer title
In 1935, Friedrich Linde, the general manager of Linde AG, received the title of Wehrwirtschaftsführer, highlighting the company's national importance and its benefits during the German rearmament.
1941
Linde's involvement in armaments production during World War II
During World War II, all departments of Linde AG were involved in armaments production. Linde manufactured oxygen and helium installations for IG Farben at the Auschwitz concentration camp.
1992
Spin-off of Union Carbide Industrial Gases Inc. as Praxair
In 1992, the Linde Air Products division of Union Carbide was spun off as Union Carbide Industrial Gases Inc., which was later renamed Praxair.
1996
Acquisition of Linde name rights
In 1996, the company acquired the rights to the Linde name from Praxair.
2000
Acquisition of AGA AB of Sweden
In 2000, the company completed the acquisition of AGA AB of Sweden for $3.71 billion.
2004
Sale of refrigeration division to Carrier Corporation
In 2004, the company sold its refrigeration division to Carrier Corporation for €325 million.
2006-09
Acquisition of BOC
In September 2006, Linde acquired BOC for €11.7 billion in cash.
2007-01
Rebranding of forklift business as KION Group
Linde's forklift business was rebranded as KION Group and sold to KKR and Goldman Sachs for €4bn in January 2007.
2007-03
Sale of BOC Edwards semiconductor equipment business
In March 2007, the BOC Edwards semiconductor equipment business was sold to private equity firm CCMP Capital for €685m.
2007-04
Sale of industrial gas business of BOC Gazy to Air Products & Chemicals
In April 2007, the company sold the industrial gas business of BOC Gazy to Air Products & Chemicals for €370 million.
2008
Relocation of Linde AG head office to Munich
In 2008, the head office of Linde AG was relocated from Wiesbaden to Munich.
2010
Acquisition of Ceylon Oxygen Ltd
In 2010, the company acquired over 95% of the shares of Sri Lanka–based Ceylon Oxygen Ltd.
2011-06
Plan to build air separation plant in Indonesia
In June 2011, PT Linde Indonesia announced its plan to build an air separation plant in Cilegon, Banten.
2012-05
Acquisition of homecare business in Europe
In May 2012, the company acquired the homecare business of Air Products & Chemicals in several European countries.
2012-08
Acquisition of Lincare Holdings in the US
In August 2012, the company acquired Lincare Holdings, a healthcare gas provider in the US, to become the largest home care gas supplier in North America.
2016-02
Acquisition of American HomePatient by Lincare Holdings
In February 2016, Lincare Holdings acquired American HomePatient, Inc.
2016-12
Acquisition of Air Liquide Korea's divisions
In December 2016, Linde Korea completed the acquisition of Air Liquide Korea's industrial merchant & electronics and liquid bulk air gases divisions.
2017-06
Merger agreement with Praxair
In early June 2017, Linde and Praxair agreed to merge.
2018-07
Sale of business assets to Messer Group and CVC Capital Partners
In July 2018, the company agreed to sell certain business assets in North and South America to Messer Group and CVC Capital Partners for $3.3 billion.
2018-10
Investment in ITM Power
In October 2019, the company invested £28 million in ITM Power, a British manufacturer of electrolyzers for hydrogen production.
2019-08-29
Acquisition of stake in Hydrospider
On 29 August 2019, the company acquired a 10% stake in Hydrospider, a Swiss producer of hydrogen.
2020-01
Sale of LifeGas division
In January 2020, the company sold its LifeGas division.
2020-04
Sale of LNG and Biogas business in Sweden and Norway
In April 2020, Gasum acquired the company's LNG and Biogas business in Sweden and Norway.
2021
Embracing Inclusion and Diversity at Linde
Linde aims to foster a work environment that values inclusion and celebrates employee diversity.
2022-09
Sale of Gist Limited to Marks & Spencer
In September 2022, Linde sold Gist Limited to Marks & Spencer for £145 million.
2024-03-13
Linde Stock Reaches All-Time High Closing Price
On March 13, 2024, Linde stock achieved its highest closing price of 474.89. This marked a significant milestone for the company in terms of stock performance.
End of the Timeline
Linde plc

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