Reports this morning suggest further asset sales to the Messer Group and CVC Capital Partners consortium could be on the cards as Praxair and Linde attempt to edge closer to Federal Trade Commission (FTC) approval of the merger in the US.
Further colour has emerged on India’s approval of the Praxair-Linde merger, with a statement from the country’s Competition Commission (CCI) detailing the remedies required for clearance.
Bob VanKirk, Head of Distributors and Packaged Gases for Linde North America, says the Federal Trade Commission (FTC) is searching for a fifth Tier One player to keep the market competitive and push through the Praxair-Linde merger.
The Competition Commission of India (CCI) has approved the proposed mega merger of equals between Praxair and Linde, subject to certain conditions.
Atlas Copco has acquired compressed air solutions manufacturer and distributor Reno A/S.
Jemima Owen-Jones interviews Michael Koonce, President of Luxfer-GTM Technologies and Dino Sciullo, Vice-President and General Manager, Sherwood Valve.
Taiyo Nippon Sanso Corporation (TNSC) has acquired medical equipment sales company IMI Co.
Atlas Copco Group is to acquire the cryogenic business of Brooks Automation through its wholly owned US entity Edwards Vacuum.
Compressed gas equipment manufacturer the Cavagna Group has acquired natural gas meter manufacturer Qgas S.r.l.
Air Products has acquired the Rotoflow™ turboexpander business from Baker Hughes, a GE company.
Linde AG has this morning confirmed that the revenue threshold for divestiture commitments will be exceeded if its merger with Praxair is to complete.