Overview
- Baker Hughes is in advanced talks to purchase Chart Industries for $13.6 billion in cash, according to unnamed sources.
- The deal would override Chart’s $19 billion all-stock agreement with Flowserve that aimed to integrate a network of more than 5.5 million assets across 50‐plus countries.
- Baker Hughes’s industrial and energy technology division posted a $43.5 billion order backlog in the second quarter, powered by $550 million of data center orders despite limited LNG awards.
- The acquisition would strengthen Baker Hughes’s liquefied natural gas equipment and services ahead of rising European imports of U.S. LNG driven by recent transatlantic energy pacts.
- Sources emphasize that negotiations are non-binding and subject to change pending due diligence and final approvals.