The Linde Group, registered as Linde AG, is a German multinational chemical company founded in 1879. It is the world’s largest industrial gas company by market share (2016) as well as revenue. Linde shares are traded on all the German stock exchanges and also in Zürich, and the Linde share price is included in the DAX 30 index. The group is headquartered in Munich, Bavaria, Germany.
The Linde Group
Die Linde Aktiengesellschaft
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 work in Höllriegelskreuth, near Munich in 1903.
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In addition to his interests in refrigeration, Carl von Linde had also partnered with Hugo Güldner and Georg von 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.
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The Linde Group has over 600 affiliated companies in more than 100 countries, with customers in the industrial, retail, trade, science, research, and public sectors.
Following the BOC acquisition, The Linde Group has become the world’s largest industrial gas company. 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%.
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