Baker Hughes Company (BKR) completed its all-cash acquisition of Chart Industries in July 2026, for a total value of $9.9 billion. This acquisition introduces a new industrial technology platform, expanding Baker Hughes’ operations beyond traditional oilfield markets into energy infrastructure and industrial applications. The deal is expected to generate annual run-rate cost synergies of $95 million in year one, $230 million in year two, and $325 million in year three.
The acquisition increased Baker Hughes’ long-term debt to $15.48 billion as of June 30, 2026, compared to $5.40 billion at the end of 2025. Management aims to achieve a net debt to adjusted EBITDA ratio of 1.0-1.5 times within 24 months post-acquisition. Chart will be included as the company’s third reporting segment starting in Q3 2026, and the integration will focus on customer continuity and operational performance through 18 distinct workstreams.
Baker Hughes’ strategic move enhances its capabilities in areas such as thermal management, gas handling, and carbon capture technologies, better positioning the company to compete in converging markets influenced by digital and energy transition trends.
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