On the Record · Linde
Linde acquisitions, on the record
The businesses Linde bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
nexAir, LLCWord for word“On January 5, 2023, Linde completed the acquisition of nexAir, LLC, a gas distribution and welding supply company in the United States, in order to further expand the company’s geographic footprint into different regions.” 10-K for 2023 | agreed acquisition | On January 5, 2023 | — |
GIST businessWord for word“In the third quarter of 2022, the company completed the sale of its GIST business.” 10-K for 2023 | agreed divestiture | In the third quarter of 2022 | — |
a business in APACWord for word“Divestiture proceeds in 2024 include $ 69 million in net proceeds for a divestiture in APAC and a settlement with a supplier in the Americas.” 10-K for 2024 | divestiture | — | $ 69 million in net proceeds for a divestiture in APAC |
packaged gas businesses in the AmericasWord for word“In 2024, acquisitions were primarily related to packaged gas businesses in the Americas.” 10-K for 2024 | acquisition | 2024 | — |
a divestiture in APACWord for word“Divestiture proceeds in 2024 include $ 69 million in net proceeds for a divestiture in APAC and a settlement with a supplier in the Americas.” 10-K for 2025 | divestiture | — | $ 69 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | — | — | $141 million |
| 2017-12-31 | $33 million | — | $24 million |
| 2018-12-31 | $25 million | — | $24.15 billion |
| 2019-12-31 | $225 million | — | — |
| 2020-12-31 | $68 million | — | — |
| 2021-12-31 | $88 million | — | — |
| 2022-12-31 | $110 million | — | — |
| 2023-12-31 | $953 million | — | — |
| 2024-12-31 | $317 million | $69 million | — |
| 2025-12-31 | $412 million | — | — |
Deal filings since 2016
- 2025-12-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-12-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-03-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-12-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-10-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from Linde’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.