Baker Hughes' Bold Move: Acquisition of Chart Industries
Baker Hughes Co is set to acquire Chart Industries for $13.6 billion, enhancing its energy and industrial technology strategy. The deal is projected to achieve $325 million in cost synergies annually by the third year and be accretive to growth and earnings per share, with completion expected by mid-2026.
In a significant move to boost its energy and industrial technology operations, Baker Hughes Co has announced its acquisition of Chart Industries. Valued at $13.6 billion, the deal emphasizes Baker Hughes' strategic push in these sectors.
The acquisition is anticipated to yield substantial financial benefits, with an estimated $325 million in annualized cost synergies by the end of the third year. This move aligns with the company's growth trajectory and promises to be accretive to both growth and earnings per share.
Shareholders can expect the transaction, set at $210 per share in cash, to conclude by mid-2026, marking a promising expansion for Baker Hughes in the competitive energy technology market.
(With inputs from agencies.)
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