Baker Hughes and Akastor Form HMH
October 1, 2021
Baker Hughes' Subsea Drilling Systems business and Akastor ASA's wholly owned MHWirth have merged to form HMH, a global offshore drilling equipment company jointly owned (50/50) by Baker Hughes and Akastor and effective October 1, 2021. HMH is headquartered in Amsterdam with major operational centers in Houston, USA and Kristiansand, Norway, combining product and service portfolios to deliver offshore drilling equipment and pursue energy-efficient solutions and adjacent-market opportunities such as renewables and mining.
- Buyers
- Baker Hughes, Akastor ASA
- Targets
- HMH
- Industry
- Energy
- Location
- Netherlands
- Transaction Type
- Buyout
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