Linde Gas

What Linde Gas does

Linde Gas operates as a division and global brand of Linde PLC, a publicly traded industrial gas and engineering company headquartered in the United States and listed on NASDAQ under the ticker LIN. The company produces and distributes atmospheric gases (oxygen, nitrogen, argon, carbon dioxide), specialty gases, medical gases, and rare gases (krypton, neon, xenon) through multiple supply modes — portable cylinders, bulk liquid delivery in drum reservoirs, pipeline supply to large industrial customers, and on-site gas generation plants designed for 24/7 continuous operation. Its service surface extends beyond commodity gas supply into branded application technologies (ACCU-CHILL, CRYOLINE, MAPAX, PLASTINUM, REBOX, CRYOCLEAN, O2e), cryogenic industrial services (pipeline cleaning, leak detection, reactor turnaround), and regulated medical devices such as the NOxBOXi nitric oxide delivery system used in neonatal respiratory therapy across more than 40 countries.

The company serves a diversified base of B2B enterprise customers across at least twelve industry verticals, with chemicals, electronics, and healthcare identified as primary segments and metals, refining, oil and gas, food and beverage, pharma and biotech, plastics and rubber, construction, and additive manufacturing as secondary segments. Go-to-market is executed through direct enterprise and field sales teams with quote-based, contractually negotiated pricing rather than list-based or transactional pricing. Revenue is generated across industrial gas sales (subscription/recurring), medical gas sales, hardware sales of gas-handling and food-processing equipment, managed on-site generation contracts, and professional industrial services. Notable subsidiaries include nexAir LLC (acquired January 2023 to expand US packaged gas and medical-grade liquid nitrogen distribution), NOxBox Ltd, Linde Gas & Equipment Inc, Linde Gas Schweiz AG, and Linde Gas Singapore. The Serbian listed entity bearing the Linde Gas name (Belgrade Stock Exchange: LIND), headquartered in Bečej, appears to operate a regional industrial gas distribution business under the Linde brand; investor-relevant analysis of that entity should note the distinction from the global Linde PLC franchise.

Strategically, the company is repositioning from pure industrial/medical gas supply into adjacent decarbonisation and emissions-control verticals — most visibly through the 2026 partnership with Regionalwerke Baden AG and BKW AEK Contracting AG to deploy separation technology at a biomass power plant in Otelfingen, Switzerland, supported by $52.6 million in Swiss federal funding — while continuing to invest in regulated medical device development (NOxBox I Plus 510(k) submission in November 2025) and targeted M&A.

Name

Linde Gas

Legal name

Linde PLC

Website

https://linde-gas.rs

Company type

Public

Founded year

1879

Operating status

Operating

Headcount range

11–50 employees

Short description

Linde Gas is the industrial, medical, and specialty gas division of Linde PLC, supplying atmospheric and rare gases to chemical, electronics, healthcare, food, metals, refining, and energy customers across more than 80 countries through cylinders, bulk, pipeline, and on-site generation.

Ownership category

akta.pro rank

Product category

Industrial Gases

NAICS

Industrial Gas Manufacturing (32512)

SIC

Chemicals & Allied Products (2800)

akta.pro primary industry

Medical & Healthcare Gases (IMAEACAF)

akta.pro secondary industries

Electronics & Semiconductor High-Purity Gases (IMAEACAG), Food & Beverage Gases (Carbonation/Freezing/Packaging) (IMAEACAI), Specialty & Calibration Gas Mixtures (IMAEACAE), Gas Handling Equipment & Storage (Cylinders/Tanks/Valves) (IMAEACAL)

Keywords

• Industrial gas supply
• Specialty gases
• Medical gases
• On-site gas generation
• Cryogenic freezing equipment

Headquarters

HQ city

Becej

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Gases Sales: Sale of atmospheric gases (oxygen, nitrogen, argon, CO2), specialty gases, and rare gases in various purity grades through cylinder, bulk, and pipeline delivery
2. Medical Gases Sales: Medical grade gases for healthcare applications including liquid nitrogen for cryosurgery and therapeutic uses
3. Equipment and Process Solutions: Sale of gas handling equipment, food processing equipment (IQF tunnel freezers), and application-specific process solutions
4. On-site Gas Generation: On-site gas generation plants and systems for continuous supply, including nitrogen, hydrogen, and fluorine generation
5. Industrial Services: Pipeline cleaning, leak detection, pressure testing, drying, inerting, purging, reactor turnaround services

Go-to-market motion1 record

Distribution channels5 records

Marketing channels2 records

Core offering

Linde Gas produces and distributes atmospheric gases (oxygen, nitrogen, argon, carbon dioxide), specialty gases, rare gases, and medical gases to industrial, electronics, healthcare, food and beverage, chemical, metal, and energy customers in more than 80 countries. Supply is delivered through multiple modes—portable cylinders, bulk liquid delivery, pipeline supply, and on-site gas generation plants—supported by branded application technologies (ACCU-CHILL, CRYOLINE, MAPAX, PLASTINUM, REBOX, O2e) and cryogenic industrial services such as pipeline cleaning, leak detection, and reactor turnaround.

Product overview

Linde Gas is a leading global industrial gas and engineering company offering a comprehensive portfolio of atmospheric gases (oxygen, nitrogen, argon), specialty gases, medical gases, and rare gases. The product portfolio includes branded technology solutions such as ACCU-CHILL (food cooling), CRYOLINE (cryogenic freezing), MAPAX (modified atmosphere packaging), PLASTINUM (CO2 foam for plastics/rubber), REBOX (metal industry combustion), and O2e (oxygen enrichment). Linde also provides on-site gas generation plants, cryogenic equipment, IQF tunnel freezers, and industrial services including pipeline maintenance and leak detection. The medical division offers the NOxBOXi nitric oxide delivery system for neonatal respiratory therapy. Gases are supplied through various delivery modes including cylinders, drum reservoirs, on-site plants, and pipeline systems across more than 80 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Atmospheric Gases Core industrial gases including oxygen, nitrogen, argon, carbon dioxide, and synthetic/compressed air supplied in multiple purity grades through cylinders, bulk delivery, pipelines, or on-site generation. Used across chemical, refining, metal, food, electronics, and healthcare operations.
• Specialty Gases High-purity specialty gases, lithography gases, electronics specialty gases, and wet chemicals for semiconductor fabrication, display manufacturing, solar panels, and LED production.
• Medical Gases Medical-grade gases for healthcare applications including liquid nitrogen for regenerative medicine, cell and gene therapy storage, cryosurgical procedures, and respiratory therapy.
• Rare Gases Rare gases including krypton, neon, and xenon manufactured, mixed, and purified for semiconductor, electronics, and lighting applications.
• On-Site Gas Generation On-site gas generation plants for continuous 24/7 supply including nitrogen generation, hydrogen production, fluorine generation, and ammonia purification, primarily serving electronics manufacturers.
• NOxBOXi Nitric Oxide Delivery System Medical device that delivers nitric oxide gas (NOxivent) to improve oxygenation and reduce the need for extracorporeal membrane oxygenation in term and near-term neonates with hypoxic respiratory failure and pulmonary hypertension. Sold to hospitals and neonatal intensive care units.

Segments12 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• Regionalwerke Baden AGcoreStrategic or Co-development Partner · 1 April 2026Partnership for carbon capture and storage project submitted by Regionalwerke Baden AG, with Linde Gas Schweiz AG providing technology expertise. The project will capture emissions from a biomass power plant in Otelfingen, Switzerland, and is part of the ITINERO program. The initiative introduces separation technology not previously deployed in Switzerland.
• BKW AEK Contracting AGcoreStrategic or Co-development Partner · 1 April 2026Partnership with BKW AEK Contracting AG as part of the carbon capture project with Regionalwerke Baden AG and Linde Gas Schweiz AG, developing separation technology for biomass power plant emissions in Otelfingen, Switzerland.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Messer Group: Privately-held global industrial gas company (largest privately-held player) with strong presence in Europe and the Americas; competes with Linde Gas in atmospheric gases and medical gases across similar end markets.
• Air Liquide: Global industrial and medical gas producer directly competing with Linde Gas across atmospheric, specialty, and medical gases; one of three players jointly controlling >50% of the high-purity nitrous oxide market.
• SOL Group: Italian-headquartered industrial and medical gas supplier operating across Europe; comparable in medical gas (homecare respiratory) and industrial cylinder/bulk supply, often as a regional competitor to Linde in Southern and Eastern Europe.
• Iwatani Corporation: Japanese industrial gas specialist with strong position in hydrogen and helium supply; overlaps with Linde Gas in hydrogen on-site generation and rare gas distribution for electronics and semiconductor customers.
• Taiyo Nippon Sanso (Nippon Sanso Holdings): Japan-headquartered global industrial gas company, third member of the nitrous oxide oligopoly alongside Linde and Air Liquide; operates Matheson Tri-Gas in the US, directly overlapping with Linde Gas's specialty and electronics gas offerings.
• Nippon Sanso Holdings (Matheson Tri-Gas): US subsidiary of Nippon Sanso Holdings (parent of Taiyo Nippon Sanso); directly comparable to Linde Gas in specialty gases, electronics gases, and UHP gas delivery for semiconductor customers in North America.
• Air Products and Chemicals: US-listed global industrial gas major with comparable portfolio across atmospheric, specialty, and hydrogen gases; competes head-to-head with Linde in on-site gas generation, hydrogen, and electronics gas markets.

Others

• Praxair (legacy): Pre-2018 merger entity now fully integrated into Linde PLC; historically a direct peer with comparable industrial gas portfolio across the Americas — relevant for understanding Linde Gas's combined scale and competitive footprint.

Regional players

• Yingde Gases Group: China-based on-site industrial gas supplier (now part of PAG); competes with Linde Gas primarily in the China merchant and on-site atmospheric gas market, with limited overlap outside Greater China.
• Hangzhou Hangyang: Chinese manufacturer of air separation units and industrial gas equipment; comparable to Linde Gas in on-site gas generation technology and bulk atmospheric gas production in the China market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/linde-gas-srbija

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Linde Gas