Baker Hughes Acquires Chart Industries for $13.6 Billion
July 31, 2025
Baker Hughes announced a definitive, all-cash agreement to acquire Chart Industries in a $13.6 billion transaction valued at $210 per share. The deal is expected to accelerate Baker Hughes’ Industrial & Energy Technology strategy, expand capabilities in LNG, hydrogen, and carbon capture/cryogenic processing, and deliver annualized cost savings of about $325 million by the end of the third year post-close.
- Buyers
- Baker Hughes
- Targets
- Chart Industries
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Buyout
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Chart Industries Acquires Fronti Fabrications
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Chart Industries Acquires BlueInGreen, LLC
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Chart Industries Acquires Worthington Industries' Cryogenic and Hydrogen Trailer Business
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Chart Industries completed the acquisition of Worthington Industries' cryogenic trailer and hydrogen trailer transport assets, including the Theodore, Alabama manufacturing site, related IP, equipment and repair backlog. The facility (approximately 300,000 sq ft) and its employees will join Chart as the company expands its mobile cryogenics and hydrogen transport capabilities, with expected hydrogen-related revenue from the site of $15–20 million in 2021 (with upside).
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