Baker Hughes and Chart Industries (Chart) have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for USD 210 per share in cash, equivalent to a total enterprise value of USD 13.6bn.
Chart is a pioneer 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. Chart’s highly differentiated 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 USD 4.2bn in revenue and USD 1.0bn adjusted EBITDA in 2024. It operates 65 manufacturing locations with over 50 service centres globally.