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The Linde Group has sold its valve production facility MAPAG Valves GmbH (Germany) to the international technology corporation Metso (Finland) at an enterprise value of 36 million euro. The contract was signed and will enter into effect on approval from the relevant anti-trust authorities.
With the divestiture of this non-core activity Linde's Engineering Division further focuses on its core competencies. MAPAG is a specialist in producing high performance butterfly valves for different types of plants in the petrochemical, air separation and Liquefied Natural Gas (LNG) industry.
The company employs a staff of around 100 and achieved sales of approximately 31 million euro in the 2007 financial year.
Linde Announces CEO and Chairman Succession
Linde announced its Board of Directors has appointed Sanjiv Lamba to succeed Steve Angel as Chief Executive Officer and Steve Angel to succeed Wolfgang Reitzle as Chairman, effective March 1, 2022. Lamba was named Linde's Chief Operating Officer in October 2020. Throughout his more than 30- ... more
BASF, SABIC and Linde have signed a joint agreement to develop and demonstrate solutions for electrically heated steam cracker furnaces. The partners have already jointly worked on concepts to use renewable electricity instead of the fossil fuel gas typically used for the heating process. W ... more
Linde to Build, Own and Operate World's Largest PEM Electrolyzer for Green Hydrogen
Linde announced it will build, own and operate the world's largest PEM (Proton Exchange Membrane) electrolyzer plant at the Leuna Chemical Complex in Germany. The new 24-megawatt electrolyzer will produce green hydrogen to supply Linde's industrial customers through the company's existing p ... more
The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. more
Linde Material Handling headquartered in Aschaffenburg, Germany, ranks among the world's foremost makers of lift trucks and warehouse trucks and is also positioned as a major manufacturer of hydrostatic drives produced mainly for use in construction, farming and forest machinery as well as ... more
