Baker Hughes Company
Baker Hughes to Acquire Chart Industries in $13.6 Billion Deal
Summary
Baker Hughes Company, an energy technology company, has entered into a definitive agreement to acquire Chart Industries, a leader in gas and liquid molecule handling technologies, for $13.6 billion. The all-cash transaction, valued at $210 per share, is expected to be immediately accretive to earnings per share and cash flow. The deal, which is subject to shareholder and regulatory approvals, is anticipated to close by mid-2026. Baker Hughes has secured bridge financing for the transaction, which will be replaced with permanent debt financing prior to closing.
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About Baker Hughes Company
Baker Hughes Company is a global energy technology provider that plays a critical role in the oil and gas sector. The company's primary function is to deliver integrated oilfield products, services, and digital solutions that optimize the development and management of hydrocarbon resources. With a comprehensive portfolio that includes drilling services, completion technologies, and innovative carbon reduction strategies, Baker Hughes serves a diverse range of clients, including oil and gas companies, both onshore and offshore. The company is also at the forefront of advancing cleaner energy technologies, emphasizing innovation in energy efficiency and emission reduction. Founded in 1907 and headquartered in Houston, Texas, Baker Hughes is a pivotal player in the energy market, influencing technology-driven transformations and operational efficiencies throughout the industry. Its integration of advanced data analytics and digital solutions showcases its commitment to enhancing the performance and sustainability of energy production worldwide.
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