Linde boosts presence in Eastern Europe

“The take-over will give the Linde brand better, more direct access to the growth potential in the Russian market,” explained LMH CEO, Theodor Maurer.

According to Linde, negotiations are largely complete, with the expectation that the agreement will be finalised once the contract has been signed and approved by Russian anti-trust authorities.

“We see real growth potential in the Russian and central Asian markets [Ukraine and Kazakhstan] and we want to leverage this by introducing products and services specially tailored to the needs of these markets,” explained Christophe Lautray, Linde’s sales managing director.