An update from the air separation industry, 20160526: Linde separates its subsidiary Chemogas
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Recently, the major gas companies have been very active~~Industry and development strategies are also among the key factors determining a company’s survival~~Linde’s subsidiary Chemogas Chemogas NV, an international provider of chemical gases and services and one of Linde’s subsidiaries, announced today that it has agreed to be acquired by Gilde Asset Management. Since 1990, Chemogas has been a subsidiary of the Linde Group, focusing on the global production, trading, and filling of chemical gases. After this transaction is completed, Chemogas will continue to use its own brand and operate independently. Company CEO Dirk Batting and his team expressed their enthusiasm about partnering with Gilde Asset Management. He said that Chemogas is a chemical gas supplier that has been operating on a global scale for 40 years, and this partnership with Gilde represents a milestone in the company’s development. They are confident that, with Gilde’s strong support, Chemogas will continue to grow as it moves forward on its international growth path.
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Faced with a severe economic situation, these international companies either acquire companies that can boost their performance； Either sell some of the related companies to generate cash flow. These are all normal business practices.
Companies grow by streamlining and integrating themselves~~ or else they close down~~