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Linde finally bags BOC for £8.2bn

GERMAN industrial group Linde has finally been successful with an £8.2bn bid for UK gas firm BOC. This latest offer follows last month's £7.6bn bid which was rejected by BOC.
The acquisition will make Linde the world's largest industrial gas supplier, with combined gas and engineering sales of £8.2bn. BOC generated sales of £4.6bn and underlying profits of £564.2m last year. BOC currently claims 13% of the global gases market against Linde's 9%.

BOC employs more than 30,000 people and boasts two million customers in 50 different countries. It began life in 1886 as Brin's Oxygen Company.
Linde, once a big name in the fridge industry, sold its original Refrigeration Division to Carrier in 2004 in a £220m deal.
The offer is subject to confirmation by European and US competition authorities but expects the acquisition to be completed in the third quarter of this year.

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...


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