Baker Hughes to acquire Compact Carbon Capture.

Baker Hughes, a company that offers oilfield products and services, agreed to acquire Compact Carbon Capture, a technology development company specializing in carbon capture solutions. Financial terms were not disclosed. “Our technology plays an important role in the energy transition, and we believe this agreement with Baker Hughes is the right step to grow. As we focus on our long-term vision to develop the world’s leading carbon capture offerings, we will leverage Baker Hughes’ strong brand and technology position in the energy industry to further expand our solution by complementing it with world-class turbomachinery and process solutions and access to a global customer base. This is an immense opportunity and we are proud to join the Baker Hughes team," Torleif Madsen, 3C CEO.