“We want to combine our companies’ business and technology capabilities and form a global industrial gas leader,” Linde CEO Aldo Belloni said. “The strategic combination between Linde and Praxair would leverage the complementary strengths of each across a larger global footprint and create a more resilient portfolio with increased exposure to long-term macrogrowth trends,” Praxair CEO Steve Angel said in the Dec. The combination of Praxair and Linde would create the world’s largest supplier of industrial gases with annual revenue of $30 billion. The combined Praxair-Linde fleet would have ranked No. 51 with 733 tractors, 2,270 straight trucks and 2,060 trailers. 31 on the private TT100 with 1,115 tractors, 1,787 straight trucks and 3,677 trailers, while Linde North America, based in Murray Hill, New Jersey, ranks No. Linde owns Lincare Holdings Inc., for example, and earlier this month, the company announced the purchase of The Service Center, a Broadview, Illinois-based provider of medical oxygen and respiratory equipment repair services in the Midwest and Southeast. To offset slowing growth, industrial gas suppliers are branching out into medical gases to secure new revenue streams, Bloomberg reported. The push by industrial gas companies to consolidate is driven, in part, by the need to reduce expenses in the wake of slowing growth in China and weaker demand from steel and oil and natural-gas customers, according to industry analysts interviewed by Bloomberg News.Įxecutives at Praxair and Linde said combining operations could save as much as $1 billion annually, although it’s not clear if the cost-cutting moves will directly affect fleet operations. In a filing in September, American Air Liquide and Airgas reported having a combined fleet of 2,103 tractors, 4,200 straight trucks and 3,707 trailers. The fleet is even larger now, based on data filed with the U.S. 19 on the Transport Topics list of the Top 100 private carriers for 2016 with a combined fleet of 1,754 tractors, 4,117 straight trucks and 3,126 trailers. The merger of American Air Liquide and Airgas, in fact, propelled the company to No. All four of the companies involved in these two mergers operate some of the largest fleets in North America. Industrial gases are used in a number of sectors, including oil and gas, steel making, health care and food manufacturing. by France’s L’Air Liquide SA for $13.4 billion. The transaction, valued at $35.6 billion, follows the purchase in 2016 of U.S.-based Airgas Inc. Learn more about our parent company at December, Praxair Inc., based in Danbury, Connecticut, made an offer to acquire German company Linde Group. With their extensive offering of gases, products and services, Linde is making our world more productive and we couldn’t be prouder to do our part towards that mission. We are a wholly owned subsidiary of Linde plc, the largest industrial gas company in the world. Learn more about our career opportunities at. So if you’re looking to take on new, challenging and meaningful opportunities, look no further than Praxair. Working with us means striving every day to make a real difference in the world and within our company. See how the products we make and the technologies we develop are designed to serve our customers, our employees and our environment. See where we come from and the events and discoveries that led us to where we are today. HistoryĪ lot has changed in the last 100 years. Meet the leaders of Praxair Surface Technologies. We invest a lot of time and effort into finding the right people to work together and make the best decisions for our company. We’re working towards a single vision: to be the best performing surface technologies company in the world - as determined by our customers, employees, suppliers and the communities in which we operate.