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Announced

Baker Hughes to acquire Quest Integrity for $280m.

Financials

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Transaction Value£231m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

reliability management solutions

Majority

Domestic

Friendly

United States

asset inspection

Test Inspection and Certification (TIC)

Pending

Single Bidder

Acquisition

Synopsis

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Baker Hughes, an energy technology company that provides solutions to energy and industrial customers worldwide, agreed to acquire Quest Integrity, a company in the development and delivery of asset integrity and reliability management services, for $280m. “The acquisition of Quest Integrity marks another step in Baker Hughes’ commitment to help customers ensure their asset infrastructure is safe and reliable and demonstrates how we continue to invest for growth in this area. Today’s announcement strengthens Baker Hughes’ unique capability to bring holistic industrial asset management services to our customers,” Rami Qasem, Baker Hughes Executive Vice President of Digital Solutions.

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