Baker Hughes Company Mergers and Acquisitions Summary

Energy Services And Equipment Company

Baker Hughes Company has acquired 15 companies. It has also divested 10 assets.

Baker Hughes Company’s largest acquisition to date was in 2010, when it acquired BJ Services for $5.5B. It’s largest disclosed sale occurred in 2006, when it sold WesternGeco to Schlumberger for $2.4B. Baker Hughes Company has acquired in 5 different US states, and 5 countries. The Company’s most targeted sectors include energy services and equipment (40%) and software (34%).

Join Mergr and gain access to Baker Hughes Company’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity14
    • M&A Sell Activity10
  • Total Sectors Invested 6
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 10
  • M&A Advisors 10

Baker Hughes Company

17021 Aldine Westfield Road,
Houston, Texas 77073
United States,
(713) 439-8600
www.bakerhughes.com

Baker Hughes Company is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company operates in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 14 - - - - - 14
vol $5.9B $5.9B
Sell (1.4/yr) # 3 - - 3 1 3 10
vol $2.5B $2.5B
  24

Most Recent M&A

Company Date Value Type
Baker Hughes Co. - Surface Pressure Control Flow Business Unit 2020-09-10 - Divestiture
Houston, Tennessee
Baker Hughes, Inc. - Specialty Polymers Business 2020-07-27 - Divestiture
Barnsdall, Oklahoma
Baker Hughes Incorporated - Lufkin Rod Lift Solutions Business 2020-05-01 - Divestiture
Missouri City, Texas
Cooper Machinery Services 2019-07-18 - Divestiture
Houston, Texas · www.cooperservices.com
Baker Hughes - Rotoflow Turboexpander Business 2018-08-22 - Divestiture
Houston, Texas
Dresser Natural Gas Solutions 2018-07-18 - Divestiture
, Italy
Baker Hughes - AC Compressor & CONMEC Engineered Compressors Business 2018-05-08 - Divestiture
Houston, Texas
Weatherford - Pipeline & Specialty Services Business (P&SS) 2014-09-02 250M USD Divestiture
Houston, Texas
Perfomix Inc. 2014-04-08 - Add-on Acquisition
Houston, Texas · www.perfomix.com
JOA Oil & Gas BV 2010-10-07 - Add-on Acquisition
Delft, Netherlands · www.jewelsuite.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Hughes Christensen Co., Inc.    - Baker Hughes Mining Tools, Inc. 2004-09-14 1
Houston, Texas Grand Prairie, Texas

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 6 (40%) 5.8B (99%) 7 (70%) 2.5B (99%)
Software 5 (33%) - - -
Chemicals 1 (7%) - 1 (10%) -
Business Services 1 (7%) - - -
Distribution 1 (7%) 31M (1%) - -
Machinery 1 (7%) 32M (1%) 1 (10%) 32M (1%)
Electrical Equipment - - 1 (10%) -
Total 15 $5.9B 10 $2.5B

By Geo

State/Country Buy Value Sell Value
United States 9 5.9B 8 87M
  Texas 5 5.8B 5 55M
  Oklahoma 1 32M 2 32M
  Pennsylvania 1 - - -
  Montana 1 - - -
  Louisiana 1 70M - -
  Tennessee - - 1 -
Canada 3 31M - -
  Alberta 3 31M - -
United Kingdom 1 - 1 2.4B
Italy - - 1 -
Netherlands 1 - - -
Russia 1 - - -
Domestic 9 (60%) 5.9B (99%) 8 (80%) 87M (3%)
Cross-border 6 (40%) 31M (1%) 2 (20%) 2.4B (97%)
Total 15 $5.9B 10 $2.5B

Top M&A Advisors

Financial Deals
Evercore Group LLC
1
Bank of America Merrill Lynch
1
Goldman Sachs Investment Banking Division
1
Legal Deals
King & Spalding LLP
2
Morris, Nichols, Arsht & Tunnell LLP
1
Baker Botts LLP
1

Deal Values

buy # Total
> $1B 1 $5.5B
$100M to $1B 1 $250M
< $100M 3 $132M
TOTAL $5.9B
Largest BJ Services Co.
$5.5B (2010-08-31)
sell # Total
> $1B 1 $2.4B
< $100M 2 $87M
TOTAL $2.5B
Largest WesternGeco, Ltd.
$2.4B (2006-04-22)

M&A Connections

Deals %
Acquired from
Strategic(s)
100%
1 100%
Divested to
PE Firm(s)
56%
5 56%
Strategic(s)
44%
4 44%

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