Linde AG

Linde AG

Linde AG

Overview
Date Founded

1879

Headquarters

Klosterhofstrasse 1,Munich, Bayern (Bavaria) 80331

Type of Company

Public

Employees (Worldwide)

57.6K

Industries

Engineering, Construction & Architecture
Wholesale: Raw Materials
Chemicals

Company Description

Linde AG is a holding company, which engages in the gas and engineering business. It operates through the following division: Gases, Engineering and Gist. The Gases Division produces, sells, and distributes gases for applications in industry, medicine, environmental protection, and research and development. The Engineering Division designs and operates turnkey olefin plants; plants for the production of hydrogen and synthesis gases; and air separation and pharmaceutical plants. The Gist Division which offers a range of solutions to transform supply chains. The company was founded by Carl Paul Gottfried von Linde on June 21, 1879 and is headquartered in Munich, Germany.

Executives & Employees

Chief Executive Officer

Member-Supervisory Board & Head-Global Pensions

Chief Financial Officer

Head, Gases Division

Head-Operational Finance & Controlling

Head-Group Accounting & Reporting

Head-Financial Control

Head-Group Human Resources

Head-Procurement

Head-Group Information Services

Supervisory Board

Advisory Partner at Perella Weinberg Partners LP

Managing Partner at Bosch Robert Industrietreuhand KG

Former Executive Vice President & Chief Financial Officer at Deutsche Bank AG

Scientific Director, Center for Entrepreneurial & Financial Studies at Technical University of Munich

Vice President-Enterprise Services Delivery at Microsoft Deutschland GmbH

Head, Gases Division at Linde AG

Employee Representative at Linde AG

Secretary at Industriegewerkschaft Bergbau Chemie Energie

Chief Executive Officer at Airbus SE

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Linde AG
Owners & Shareholders
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Dodge & Cox manages diversified equity, fixed-income and balanced separate accounts and mutual funds for individuals and institutions. Individual security selection is based on the relationship of fundamentals to valuation. The firm maintains a long-term investment horizon and an employs an investment approach that emphasizes the evaluation of risk relative to opportunity. The firm adheres to a strict price discipline.Dodge & Cox's Stock Fund seeks long-term growth of principal and income. The fund's secondary objective is the generation of reasonable current income. The fund invests primarily in a diversified portfolio of the common stocks of companies that appear to be temporarily undervalued by the stock market but have a favorable outlook for long-term growth.Dodge & Cox's Global Stock Fund seeks long-term growth of principal and income through investments primarily in a diversified portfolio of equity securities issued by companies from at least 3 different countries, including emerging markets. The fund invests mainly in medium-to-large sized, well-established companies. The fund is not required to allocate investments to particular companies in set percentages. Typically, 40% of the fund's total assets are invested in the securities of non-US companies.The firm's International Stock Fund seeks long-term growth of principal and income through investments primarily in a diversified portfolio of equity securities issued by non-US companies from at least 3 different foreign countries, including emerging markets. The fund focuses on countries whose economic and political systems appear more stable and are believed to provide some protection to foreign shareholders. The fund invests mainly in medium-to-large sized, well-established companies that appear to be temporarily undervalued by the stock market but have a favorable outlook for long-term growth.Dodge & Cox's Balanced Fund seeks regular income, conservation of principal and an opportunity for long-term growth of principal and income through investments in a diversified portfolio of common stocks, preferred stocks and fixed-income securities. The fund invests in companies that appear to be temporarily undervalued by the stock market but have a favorable outlook for long-term growth. The fund typically holds no more than 75% of its total assets in stocks. The fund's invests in investment-grade fixed-income securities including US government obligations, MBS, ABS, corporate bonds, collateralized mortgage obligations and others. To a lesser extent, the fund may also invest in below investment-grade fixed income securities.The firm's Income Fund seeks a high and stable rate of current income, consistent with long-term preservation of capital with the secondary objective of capital appreciation. The fund invests primarily in a diversified portfolio of high-quality bonds and other fixed-income securities including US government obligations, MBS, ABS, corporate bonds and collateralized mortgage obligations.

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Artisan Partners' investment approach is based on a bottom-up process that covers a range of geographic areas and focuses on investments in growth and value stocks. The firm places particular emphasis on identifying and investing in well-managed companies with dominant or increasing market shares. They also closely monitor market valuation. Artisan Partners' distinct investment teams currently manage client assets in a range of strategies including, but not necessarily limited to: emerging markets, global equity, non-US growth, non-US small-cap growth, global value, non-US value, global opportunities, mid-cap growth, small-cap growth, value equity, US mid-cap value and US small-cap value. All accounts managed by Artisan, Partners regardless of investment strategy, invest primarily in common stocks and other equity securities.

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FINEXIS is a unique CSSF licensed Fund Industry player offering a “one stop shop” concept. They provide convenient and efficient services related to Central Administration, Transfer Agent, Domiciliation, Promotorship, Directorship, Asset Management and Risk Management. They are confident that their business offer is the most competitive on the Luxembourgish market in regards to price and quality.

Recent Transactions
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Praxair, Inc. purchases Linde AG

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The BOC Group Ltd., Linde AG purchase Linde India Ltd.

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Lincare Holdings, Inc., Linde AG purchase Specialized Medical Services, Inc. from The Riverside Company

Transaction Advisors
Accountant

Advised onUnited Technologies Corporation, Carrier Corp. purchase Refrigeration Business of Linde AG from Linde AG

Investment Advisor

Advised onLinde AG purchases The BOC Group Ltd.

Legal Advisor

Advised onPraxair, Inc. purchases Linde AG

Legal Advisor

Advised onPraxair, Inc. purchases Linde AG

Legal Advisor

Advised onPraxair, Inc. purchases Linde AG

Legal Advisor

Advised onLinde AG purchases Lincare Holdings, Inc.

Advisors & Consultants
Legal Advisor

Partner at Cravath, Swaine & Moore, LLP

Legal Advisor

Partner at Cravath, Swaine & Moore, LLP

Legal Advisor

Former Partner at Day Pitney LLP

Clients

With 100 million tonnes of annual production capacity and 260,000 employees across 60 countries, ArcelorMittal is the world’s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature

Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, as well as generation and marketing of heat and electric power. What is natural gas What is natural gas Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers. Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves makes up 18 and 70 per cent respectively. Gazprom accounts for 15 and 78 per cent of the global and Russian gas output accordingly. At present, the Company actively implements large-scale projects aimed at exploiting gas resources of the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as well as hydrocarbons exploration and production projects abroad. Gazprom is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission network – the Unified Gas Supply System of Russia with the total length of over 161 thousand kilometers. Gazprom sells more than half of overall produced gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union. Gazprom is the only producer and exporter of liquefied natural gas in Russia. The Company’s share in the global LNG output stands at 5 per cent. The Company is among Russia’s five largest oil producers and it is the largest owner of power generating assets in the country. These assets account for 17 per cent of the total installed capacity of the national energy system. Gazprom pursues the strategic objective of establishing itself as a leader among global energy companies by entering new markets, diversifying its activities and ensuring reliable supplies

Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Downstream segment manages different oil products and chemical activities as part of an integrated value chain, including trading activities, what turns crude oil and other feedstock into a range of products which are moved and marketed around the world for domestic, and industrial and transport use. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company. The company was founded in February 1907 and is headquartered in The Hague, Netherlands.

Key Stats and Financials As of 2017
Market Capitalization
$35.5B
Total Enterprise Value
$40.6B
Earnings Per Share
$7.72
Revenue
$17.1B
Net Profit
$1.43B
EBITDA
$3.99B
EBITDAMargin
23.31%
Total Debt
$8.07B
Total Equity
$15.1B
Enterprise Value Sales
2.37x
Enterprise Value EBITDAOperating
10.17x
TEVNet Income
28.29x
Debt TEV
0.2x
Three Year Compounded Annual Growth Rate Of Revenue
0.13%
Five Year Compounded Annual Growth Rate Of Revenue
2.29%
Investments
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Bellerophon Therapeutics, Inc clinical-stage therapeutics company, which focuses on developing innovative products at the intersection of drugs and devices that address significant unmet medical needs in the treatment of cardiopulmonary diseases. The company engages in two programs including INOpulse and BCM. INOpulse is based on proprietary pulsatile nitric oxide delivery device. BCM is based on placebo-controlled clinical trial designed to support CE mark registration in the European Union. Bellerophon Therapeutics was founded in 2009 and is headquartered in Warren, NJ.

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Ikaria, Inc. operates as a biotherapeutics company focused on developing and commercializing innovative therapeutics and interventions designed to meet the medical needs of critically ill patients. It offers INOMAX for inhalation, which is used to treat newborns suffering from hypoxic respiratory failure, and is making a major impact on the critical care environment. The company was founded on August 18, 2006 and is headquartered in Clinton, NJ.

Suppliers
Chart Industries, Inc. Other Manufacturing | Ball Ground, GA

Chart Industries, Inc. engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Energy and Chemicals, Distribution and Storage, and BioMedical. The Energy and Chemicals; and Distribution and Storage segment manufacture products used primarily in energy-related and industrial applications, such as the separation, liquefaction, distribution, and storage of hydrocarbon and industrial gases. The BioMedical segment supply medical devices, including cryogenic and non-cryogenic equipment, used in respiratory healthcare. The company was founded in 1992 and is headquartered in Ball Ground, GA.

Super Group Ltd Shipping & Delivery | Sandton, GT

Super Group Ltd. provides supply chain management, dealerships and fleet management services. It operates through the following segments: Supply Chain Management, Fleet Solutions, Dealerships and Services. The Supply Chain Management segment engages in the provision of a comprehensive suite of integrated supply chain services. The Fleet Solutions segment offers flexible vehicle leasing and rental solutions, focusing on the containment of costs and operating risks associated with fleet ownership. The Dealerships segment represents most of the major vehicle brands in South Africa. The company was founded by Larry Lipschitz on December 4, 1986 and is headquartered in Sandton, South Africa.

T.K. Corp. (Korea) Metal Manufacturing & Products | Busan, BU

T.K. Corp. (Korea) engages in the production and sale of fittings and pipe materials. The company operates in the following business areas: Butt Weld Pipe Fittings, Forged Fittings, Flanged Fittings and Seamless Pipe. Its main products include wrought steel, stainless steel, carbon steel, alloy steel, stainless steel, socket welding type and threaded type forged steel fittings. The company was founded by Jong-Gyu Yoon on August 1, 1982 and is headquartered in Busan, South Korea.