NEWS

Baker Hughes announced today a definitive agreement to acquire Chart Industries in a deal valued at a total of $13.6 billion. Notably, the acquisition will strengthen Baker Hughes’ presence in the LNG and data center sectors.

Chart is a global leader in the design, engineering and manufacturing of process technologies and equipment for gas and liquid molecule handling across a broad range of industrial and energy end markets, Baker Hughes said in a news release announcing the deal. Chart’s products and solutions are used in every phase of the liquid gas supply chain, from engineering and design to installation, preventative maintenance to repair and service, as well as ongoing digital monitoring. Chart generated $4.2 billion in revenue in 2024. It operates 65 manufacturing locations with over 50 service centers globally.

“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,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “We know Chart well, having worked alongside them on many critical energy infrastructure projects.”

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