Linde plc LIN

Company Overview

Linde plc is a global industrial gases and engineering company that produces and distributes atmospheric, process, and specialty gases used across a wide range of end markets. The company operates primarily in the industrial gases industry, serving sectors such as healthcare, chemicals, manufacturing, electronics, energy, food and beverage, and metals. Its core products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, and specialty gases, which are delivered through on-site generation facilities, pipeline networks, bulk supply, and packaged cylinders.

Linde’s primary revenue drivers are long-term, on-site gas supply contracts with industrial customers, merchant gas sales, and healthcare-related gas and equipment services. The company is widely regarded as one of the global leaders in scale, reliability, and technological expertise in gas production and distribution, with significant barriers to entry due to capital intensity, regulatory requirements, and long-term customer relationships. Linde was formed in 2018 through the merger of Germany-based Linde AG and U.S.-based Praxair, creating the world’s largest industrial gases company by revenue and market capitalization.