Baker Hughes Company
Baker Hughes Initiates EC Phase I Review for Chart Merger
Summary
Baker Hughes has initiated the European Commission's Phase I review period for its proposed acquisition of Chart Industries. The merger, which was agreed upon on July 28, 2025, is expected to close in July 2026, subject to regulatory approvals and other customary closing conditions.
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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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