Competition preserved in the supply of industrial gases in Canada
October 26, 2018 – OTTAWA, ON – Competition Bureau
The Competition Bureau announced today that it has reached an agreement with Linde AG and Praxair, Inc. that resolves competition concerns in Canada related to their proposed merger. The agreement will preserve competition in the supply of specific industrial gases in Canada.
The Bureau’s review found that the proposed merger between Linde and Praxair would likely result in a substantial lessening of competition in markets for the supply of specific industrial gases. In Canada, both Linde and Praxair operate production facilities and a network of filling stations and retail branches, through which they distribute industrial gases to customers across a wide range of industries.
To resolve the Bureau’s concerns, the consent agreement requires the sale of Linde’s Canadian business, including production facilities, filling stations, retail sites, customer and supply contracts, and certain intellectual property. The Commissioner has approved Messer Canada Inc. as an acceptable purchaser of Linde’s Canadian business.
Given that Linde and Praxair’s businesses operate in many countries and the global nature of the transaction, the Bureau coordinated its review with other jurisdictions, including the U.S. Federal Trade Commission (U.S. FTC) and the European Commission.
For more information on the Bureau’s review, consult our comprehensive position statement.
“We are pleased to have reached an agreement with Linde and Praxair that resolves our competition concerns. This agreement will maintain competition in the supply of industrial gases that Canadian businesses rely on.”
Interim Commissioner of Competition
On June 1, 2017, Linde and Praxair announced a business combination agreement in an all-stock merger of equals.
Linde is a global gases and engineering company headquartered in Munich, Germany.
Praxair is a worldwide industrial gas company headquartered in Danbury, Connecticut, United States.
Messer, a major supplier of industrial gases in Europe and Asia, is headquartered in Bad Soden, Germany.
Industrial gases are used for industrial or specialty applications, including the preservation of food and beverages, electronics manufacturing, laboratory research, metal cutting and welding.
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