(Reuters) -Oil and gas equipment supplier Baker Hughes said on Tuesday it would acquire Chart Industries in a $13.6 billion all-cash deal, including debt, edging out rival suitor Flowserve.
The deal adds to the ongoing consolidation in the oilfield services and industrial supply sector, as companies combine to expand geographic reach, broaden product offerings and improve operational efficiency.
Baker has offered Chart Industries’ shareholders $210 per share held, representing a premium of about 22% based on the last close, implying an equity value of about $9.44 billion, according to Reuters calculation.
The transaction is expected to close by mid-year 2026.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Sriraj Kalluvila)
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