Baker Hughes Completes Acquisition of Chart Industries for $13.6B

BKR Baker Hughes has finalized its acquisition of Chart Industries, a strategic move that adds significant industrial and energy market capabilities to its operations. The deal is valued at $13.6 billion, with Chart Industries becoming the company's third operating segment. Chart shareholders receive $210 per share in cash. The close follows European Commission clearance granted on July 10, 2026, subject to conditions, which removed the last major regulatory hurdle for the transaction first announced in July 2025.

The transaction marks a major expansion of Baker Hughes' portfolio, and analysts will be watching closely for the integration's impact on the company's operations. The $13.6 billion deal size indicates a significant commitment by Baker Hughes to grow its industrial and energy business, and management has pointed to manufacturing scale and supply-chain integration as sources of cost synergies over the next three years.

Chart integrates its operations into Baker Hughes across gas processing, liquefaction, hydrogen and other key areas, broadening the combined company's exposure to LNG and energy-transition demand. To fund the deal, Baker Hughes drew on a $2.0 billion two-year term loan, which lifts leverage and will be a focus for credit watchers.

The acquisition is expected to strengthen Baker Hughes' market presence in the energy technology sector and underscores the growing role of large-scale M&A in reshaping the industrial energy landscape as producers position for the LNG and hydrogen build-out.

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