Chart shareholders approve $13.6-billion acquisition by Baker Hughes

HOUSTON AND ATLANTA, October 7, 2025 – Chart Industries shareholders have voted to approve the acquisition of the company by Baker Hughes for USD 13.6 billion, the companies announced on Monday.

Baker Hughes will pay USD 210 in cash per share of Chart common stock, as per the agreement entered into by the companies in July 2025. The transaction is expected to close in mid-2026, subject to regulatory approval.

Chart’s offering spans design, engineering and manufacturing of process technologies and equipment used across the gas and liquid supply chain, with 65 manufacturing locations and more than 50 service centres worldwide. The company reported USD 4.2 billion in revenue and USD 1 billion in adjusted EBITDA in 2024.

With the acquisition, Baker Hughes aims to strengthen its Industrial & Energy Technology segment with high-growth, high-margin businesses and expand its footprint in the LNG, clean energy and data centre segments.

“We are pleased that Chart shareholders have approved our pending acquisition as we aim to capitalise on the momentum of both companies. With the acquisition, we are undertaking a comprehensive evaluation of our capital allocation focus, business, cost structure and operations,” said Baker Hughes chairman and CEO Lorenzo Simonelli.

Baker Hughes had secured bridge financing from Goldman Sachs Bank USA, Goldman Sachs Lending Partners and Morgan Stanley Senior Funding to fund the transaction. The facility is expected to be replaced with permanent debt financing prior to the close of the transaction.

Photo courtesy of Chart Industries

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