M&A Deal Summary

Baker Hughes Acquires Baseline Technologies

On December 5, 2005, Baker Hughes acquired software company Baseline Technologies

Acquisition Highlights
  • This is Baker Hughes’ 1st transaction in the Software sector.
  • This is Baker Hughes’ 2nd transaction in Canada.
  • This is Baker Hughes’ 2nd transaction in Alberta.

M&A Deal Summary
Date 2005-12-05
Target Baseline Technologies
Sector Software
Buyer(s) Baker Hughes
Deal Type Add-on Acquisition

Target

Baseline Technologies

Calgary, Alberta, Canada
Baseline Technologies, Inc. is a provider of pipeline integrity data management and decision support solutions to the pipeline industry.

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Buyer(S) 1

Buyer

Baker Hughes

Houston, Texas, United States
Category Company
Sector Energy Services and Equipment
Employees57,000
Revenue 25.5B USD (2023)
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 5 of 21
Sector (Software) 1 of 5
Type (Add-on Acquisition) 4 of 16
State (Alberta) 2 of 3
Country (Canada) 2 of 3
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-02 Zeroth Technology Limited

Dyce, United Kingdom

Zertech has developed and patented a unique, non-elastomer, expandable metal sealing element that is currently marketed in well intervention applications. Zertech's current customers include major oil and gas exploration and production companies in the United Kingdom, Norway and the Middle East. Interest in its sealing technology is growing in other producing areas of the world.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-31 Nova Technology

Broussard, Louisiana, United States

Nova is a supplier of permanent monitoring, chemical injection systems, and multi-line services for deepwater and subsea oil and gas well applications and has contracts in the Gulf of Mexico, West Africa, Sakhalin Island and Brazil.

Buy $70M
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