Baker Hughes and Chart Industries announced that they have entered into a definitive agreement, which states that Baker Hughes will acquire all outstanding shares of Chart’s common stock.
Chart is a global leader in the design, engineering and manufacturing of process technologies and equipment for gas and liquid molecule handling. It operates 65 manufacturing locations with over 50 service centers globally.
This acquisition advances Baker Hughes’ vision of being an energy and industrial technology leader, expands its offerings in growth markets, combines the products of both companies in a complementary way, delivers substantial synergies, and is expected to improve the financial profile of the company.
Courtesy of Baker Hughes.