AcquisitionsJul 16, 2026, 09:01 AM
Baker Hughes Completes Acquisition of Chart Industries
AI Summary
Baker Hughes Company announced the successful completion of its acquisition of Chart Industries, Inc. on July 16, 2026. This strategic move aims to transform Baker Hughes into a higher-value, industrialized energy solutions company, enhancing earnings and cash flow through an expanded industrial portfolio and aftermarket services. To finance the acquisition, Baker Hughes Holdings LLC entered into two new $1.0 billion term loan credit agreements, while terminating a previous $2.6 billion facility. Chart Industries will now operate as a new reporting segment, with Baker Hughes targeting $325 million in annualized cost synergies by the third year.
Key Highlights
- Baker Hughes completed its acquisition of Chart Industries on July 16, 2026.
- The acquisition is a major step in Baker Hughes' strategy to become a leading industrialized energy solutions company.
- Baker Hughes Holdings LLC secured two new $1.0 billion term loan credit agreements to finance the merger.
- The previous $2.6 billion term loan credit agreement was terminated without penalty.
- Chart Industries will operate as a new reporting segment within Baker Hughes.
- The company expects $325 million in annualized cost synergies by year three post-close.
- Chart Industries reported $4.3 billion in revenue for fiscal year 2025.
- Baker Hughes targets a net leverage range of 1.0-1.5x within 24 months.
Price Impact
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