Add-on Acquisition • Machinery

Baker Hughes Acquires Chart Industries

On July 29, 2025, Baker Hughes acquired machinery company Chart Industries for 13.6B USD

Acquisition Context
  • This is Baker Hughes’ 4th transaction in the Machinery sector.
  • This is Baker Hughes’ largest (disclosed) transaction.
  • This is Baker Hughes’ 13th transaction in the United States.
  • This is Baker Hughes’ 1st transaction in Georgia.

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M&A Deal Summary

Date July 29, 2025
Target Chart Industries
Sector Machinery
Buyer(s) Baker Hughes
Deal Type Add-on Acquisition
Deal Value 13.6B USD
Advisor(s) Wells Fargo Securities (Financial)
Winston & Strawn (Legal)

Target Company

Chart Industries

Ball Ground, Georgia, United States
Chart Industries' corporate headquarters in Garfield Heights, Ohio.
Chart Industries' corporate headquarters in Garfield Heights, Ohio.
Chart Industries is a provider of cryogenic equipment used in industrial gas, hydrocarbon, and medical applications. Chart Industries was founded in 1859 and is headquartered in Ball Ground, Georgia.
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Buyer Overview 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 Context for Buyer #
Overall 23 of 23
Sector: Machinery 4 of 4
Type: Add-on Acquisition 18 of 18
State: Georgia 1 of 1
Country: United States 13 of 13
Year: 2025 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-16 Continental Disc

Liberty, Missouri, United States

Continental Disc Corporation is a manufacturer of rupture disc (bursting disc) devices for a variety of process industries, including chemical, petrochemical, petroleum refining, pharmaceutical, beverage, food and dairy, aerospace, gases, electronics, and other markets worldwide. The company is committed to providing the products, services, and quality from the leading overpressure safety company. Continental Disc Corporation was founded in 1965 and is based in Liberty, Missouri.

Buy $540M