Chart Industries Inc.
Chart Industries Terminates Merger with Flowserve, Enters into New Merger Agreement with Baker Hughes
Summary
On July 28, 2025, Chart Industries, Inc. terminated its previously announced merger agreement with Flowserve Corporation and entered into a new Agreement and Plan of Merger with Baker Hughes Company. The termination of the Flowserve merger included a $266 million termination payment, while the new merger with Baker Hughes involves Chart becoming a wholly-owned subsidiary of Baker Hughes, with each Chart common share to be converted into the right to receive $210.00 in cash. The new merger is subject to certain conditions, including regulatory approvals and shareholder approval.
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About Chart Industries Inc.
Chart Industries Inc. is a prominent manufacturing and engineering company with a focus on providing high-end equipment and solutions for the energy and industrial gas sectors. Specializing in cryogenic storage, distribution, and processing systems, Chart Industries plays a critical role in facilitating efficient and sustainable energy and gas operations worldwide. Its product portfolio includes equipment designed for liquefied natural gas (LNG) applications, industrial gases, and other specialty markets that require temperature-sensitive processing solutions. The company's operations significantly impact various industries, including clean energy, healthcare, and manufacturing, by enabling the safe and effective handling of cryogenic materials. Headquartered in Ball Ground, Georgia, Chart Industries is acknowledged for its commitment to innovation and quality, positioning itself as a key player in supporting the transition to cleaner energy sources and enhancing operational reliability and safety in critical industrial applications.
Official SEC Documents
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