M&A Deal Summary

Baker Hughes Acquires ARMS Reliability

On February 18, 2021, Baker Hughes acquired engineering company ARMS Reliability

Acquisition Highlights
  • This is Baker Hughes’ 1st transaction in the Engineering sector.
  • This is Baker Hughes’ 1st transaction in Australia.

M&A Deal Summary

Date 2021-02-18
Target ARMS Reliability
Sector Engineering
Buyer(s) Baker Hughes
Deal Type Add-on Acquisition

Target

ARMS Reliability

Ocean Grove, Australia
ARMS Reliability is a provider of reliability solutions to industrial companies across a wide range of industries including mining, oil and gas, power, manufacturing, and utilities. ARMS Reliability was founded in 1995 and is based in Ocean Grove, Australia.

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Buyer(S) 1

Buyer

Baker Hughes

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
Employees57,000
Revenue 27.8B USD (2024)
DESCRIPTION

Baker Hughes is a provider 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.


DEAL STATS #
Overall 18 of 23
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 15 of 18
Country: Australia M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-03 Compact Carbon Capture AS

Bergen, Norway

Compact Carbon Capture AS (3C) was founded through the collaboration between Fjell Technology Group AS, Equinor ASA, Prototech AS, and SINTEF. The first patent for the technology was granted in 1999 after which it was tested and developed together with several partners including Fjell Technology Group AS and Equinor AS who respectively at different stages led the management of the technology development program between 2007 and 2017. In 2018, 3C was fully established as a company, during which the IP and know-how from both the Equinor and the Fjell Technology Group management periods were fully transferred to 3C. Currently, 3C runs its technology development with several partners including Equinor, Fjell Technology Group, Sintef, and Prototech, and benefits from Norwegian Government incentives through Climit. Headquartered at Marineholmen in Bergen, Norway, 3C collaborates with R&D partners and industrial partners both nationally and globally.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 Oilfield And Water Management Chemicals

Saudi Arabia

Oilfield And Water Management Chemicals is producing chemicals used in the processes of manufacturing extracted oil and water treatment. Oilfield And Water Management Chemicals was founded in 2022 and is based in Saudi Arabia.

Buy -