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Chart Industries (NYSE: GTLS) (Chart) and Baker Hughes (NASDAQ: BKR) announced they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion.
The transaction combines two highly complementary portfolios to create a leading energy and industrial technology company. As part of Baker Hughes, our solutions will be integrated into a broader industrial and energy technology platform, deepening presence in high growth markets like LNG, data centers, decarbonization and industrial gas.
This strategic combination is expected to deliver $325 million in annual cost synergies by the end of the third year, enhancing operational efficiency across manufacturing, supply chain, R&D and customer support. With shared values around engineering excellence and global scale, this transaction advances Chart’s mission to address critical energy challenges. The deal has received unanimous recommendation from both boards and is expected to close by mid 2026, pending customary approvals.
Read the full press release here: https://investors.bakerhughes.com/news-releases/news-release-details/baker-hughes-acquire-chart-industries-accelerating-energy
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