Baker Hughes - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Baker Hughes M&A Summary

Baker Hughes has acquired 20 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 9 assets.

Baker Hughes’ 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 has acquired in 5 different US states, and 8 countries. The Company’s most targeted sectors include energy services and equipment (40%) and software (25%).

Baker Hughes Business Overview

Where is Baker Hughes headquartered?

Baker Hughes is headquartered in Houston, Texas.

What is Baker Hughes’ revenue?

Baker Hughes disclosed revenue of 21,156M USD for 2022 and 20,502M USD for 2021.

How many employees does Baker Hughes have?

Baker Hughes has 55,000 employees.

What sector is Baker Hughes in?

Baker Hughes is an energy services and equipment company.

M&A Summary

  • M&A Total Activity28
    • M&A Buy Activity19
    • M&A Sell Activity9
  • Total Sectors Invested 8
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 12
  • M&A Advisors 10

Baker Hughes

Baker Hughes Company

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

Baker Hughes 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. Baker Hughes is headquartered in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 14 1 1 3 - - 19
vol $5.9B $5.9B
Sell (0.4/yr) # 7 2 - - - - 9
vol $2.5B $2.5B
  28

Most Recent M&A

Company Date Value Type
BRUSH Group - Power Generation Division 2022-08-08 - Divestiture
, United Kingdom
AccessESP, Inc. 2022-07-27 - Add-on Acquisition
Houston, Texas · www.accessesp.com
Oilfield And Water Management Chemicals 2022-03-29 - Joint Venture
, Saudi Arabia
ARMS Reliability 2021-02-18 - Add-on Acquisition
Ocean Grove, Australia · www.armsreliability.com
Compact Carbon Capture AS (3C) 2020-11-03 - Add-on Acquisition
Bergen, Norway · www.compactcarbon.com
Baker Hughes Co. - Surface Pressure Control Flow Business Unit 2020-09-10 - Divestiture
Houston, Tennessee
NuCera Solutions 2020-07-27 - Divestiture
Barnsdall, Oklahoma · www.nucerasolutions.com
Cooper Machinery Services 2019-07-18 - Divestiture
Houston, Texas · www.cooperservices.com
Baker Hughes - Rotoflow Turboexpander Business 2018-08-22 - Divestiture
Houston, Texas
Dresser Utility Solutions LLC 2018-07-18 - Divestiture
Houston, Texas · www.dresserutility.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
BJ Services Co. 2010-08-31 Allied Oil & Gas Services LLC 2017-01-01 1
Houston, Texas · www.bjservices.com Southlake, Texas · www.alliedservices.net
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 8 (40%) 5.8B (99%) 5 (56%) 2.5B (99%)
Software 5 (25%) - - -
Chemicals 2 (10%) - 1 (11%) -
Electrical Equipment 1 (5%) - 1 (11%) -
Machinery 1 (5%) 32M (1%) 2 (22%) 32M (1%)
Business Services 1 (5%) - - -
Distribution 1 (5%) 31M (1%) - -
Engineering 1 (5%) - - -
Total 20 $5.9B 9 $2.5B

By Geo

State/Country Buy Value Sell Value
United States 10 5.9B 8 87M
  Texas 6 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 2 - 1 2.4B
Australia 1 - - -
Netherlands 1 - - -
Norway 1 - - -
Russia 1 - - -
Saudi Arabia 1 - - -
Domestic 10 (50%) 5.9B (99%) 8 (89%) 87M (3%)
Cross-border 10 (50%) 31M (1%) 1 (11%) 2.4B (97%)
Total 20 $5.9B 9 $2.5B

Top M&A Advisors

Financial Deals
Evercore Group
1
BofA Securities
1
Goldman Sachs
1
Legal Deals
King & Spalding LLP
2
Akin Gump Strauss Hauer & Feld LLP
1
Fulbright & Jaworski 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
Investor(s)
5%
1 (5%)
Strategic(s)
15%
3 (15%)
Divested to
Investor(s)
44%
4 (44%)
Strategic(s)
56%
5 (56%)

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