Baker Hughes Acquires AccessESP
July 27, 2022
Baker Hughes has agreed to acquire AccessESP, a Houston-based provider of the GoRigless ESP deployment system, to integrate the company's alternative electrical submersible pump (ESP) deployment technology into Baker Hughes' Oilfield Services segment. AccessESP — with approximately 55 employees and facilities in North America and the Middle East — will bring proprietary IP, personnel and commercial agreements to Baker Hughes to reduce costs and downtime for oilfield operators.
- Buyers
- Baker Hughes
- Targets
- AccessESP
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Buyout
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