Baker Hughes acquires Chart Industries
Type: Acquisition · Technology: Industrial · Country: United States · Announced: 2026-08-02
Baker Hughes completed the acquisition of Chart Industries in August 2026. Chart reported $4.3 billion in revenue for fiscal year 2025 and serves customers in more than 50 countries. The deal aims to integrate Chart’s thermal management solutions into Baker Hughes’ portfolio, targeting $325 million of annual cost synergies within three years. By adding thermal management capabilities, Baker Hughes expands its offerings across a broader range of energy and industrial markets, supporting the clean energy transition. The integration program, led by senior vice president Jim Apostolides, will align product platforms, engineering practices, and digital services. No financial advisors or legal counsel were disclosed in the announcement.
Counterparties
- Baker Hughes (Buyer)
- Chart Industries (Seller)
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