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Announced

Baker Hughes to acquire Chart Industries for $13.6bn.

Synopsis

Baker Hughes, an energy technology company that provides solutions to energy and industrial customers, offered to acquire Chart Industries, a manufacturer of highly engineered equipment used for gas and liquid molecule handling, for $13.6bn. "This acquisition is a milestone for Baker Hughes and a testament to our strong financial execution and strategic focus as we continue to define our position as a leading energy and industrial technology company. We know Chart well, having worked alongside them on many critical energy infrastructure projects. Their products and services are highly complementary to our offerings and strongly aligned with our intent to deliver distinctive and efficient end-to-end lifecycle solutions for our customers across their most critical applications," Lorenzo Simonelli, Baker Hughes Chairman and CEO.

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