Lorenzo Simonelli, Chairman and CEO of Baker Hughes
Shareholders of Chart Industries have approved the company’s pending $13.6 billion takeover by Baker Hughes, a transaction expected to close by mid-2026 pending regulatory clearance. The deal marks a major step in Baker Hughes’ strategy to strengthen its position as a leading global energy and industrial technology provider.
The acquisition is expected to transform Baker Hughes’ Industrial & Energy Technology (IET) segment, expanding its capabilities across LNG, data centers and clean energy applications. According to the company, the combination will enhance its presence in high-growth markets while supporting more stable earnings and cash flow.
Baker Hughes Chairman and CEO Lorenzo Simonelli said the company continues to evaluate its capital allocation, cost structure and operations to deliver additional shareholder value. “Our strategy has delivered total shareholder returns of 340% over the past five years and 38% in the last 12 months, significantly outperforming our peers,” Simonelli said.
See also: Baker Hughes acquires Chart Industries for $13.6 billion
The Chart acquisition follows several portfolio adjustments, including the pending sale of Baker Hughes’ Precision Sensors & Instrumentation product line, the Surface Pressure Control joint venture with Cactus, and the acquisition of Continental Disc Corporation.
Baker Hughes reaffirmed its third-quarter and full-year 2025 financial guidance as previously issued on July 23.
