EU to Decide on Baker Hughes' $13.6B Acquisition of Chart Industries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Source: Newsfilter
- Acquisition Overview: Baker Hughes aims to acquire Chart Industries for $13.6 billion, a move designed to enhance its industrial technology services in liquefied natural gas and data centers while leveraging its energy technology portfolio.
- Regulatory Review Timeline: The EU antitrust regulators are set to decide by June 26 whether to approve the deal, with the possibility of demanding concessions after the preliminary review or initiating a full-scale investigation if serious competition concerns arise.
- Chart Industries Business Profile: Chart Industries manufactures industrial equipment such as valves and measurement technology for gas and liquid molecule handling, operating 65 manufacturing locations and over 50 service centers globally, indicating its extensive market reach.
- Market Impact Analysis: If approved, this acquisition would position Baker Hughes more competitively in the rapidly growing liquefied natural gas market, while also potentially raising broader concerns about industry consolidation.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to fall
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 64.710
Low
52.00
Averages
61.54
High
67.00
Current: 64.710
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Technology Utilization: Under the integrated drilling and well services contract, Baker Hughes intends to leverage its capabilities across Well Construction, Completions, Intervention, and Measurement to support energy development in Norway, enhancing service efficiency.
- Intervention Service Expansion: The intervention contract will see Baker Hughes expand the scope of service delivery centered around the PRIME Technology Platform, aiming to increase flexibility and responsiveness in technology applications.
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See More
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- Intervention Services Expansion: The intervention contract will see Baker Hughes provide fully integrated intervention services that combine surface and downhole solutions aimed at extending the life and performance of existing wells in the North Sea, further optimizing production and reducing emissions.
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See More
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See More
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- Capex Cuts: The sharp drop in oil prices leads producers to quickly slash their capital expenditure budgets, which directly impacts revenue for oilfield service companies like Baker Hughes, with significant revenue declines expected in the next two quarters.
- Market Reaction: Despite Baker Hughes's low volatility, with only six moves greater than 5% in the past year, today's drop suggests that the market considers the news significant, potentially affecting investors' long-term perceptions of the company.
- Investment Returns: Although Baker Hughes has risen 34.3% since the beginning of the year, its current price is still 9.2% below its 52-week high, presenting potential buying opportunities for investors, especially considering a 160% return for those who invested five years ago.
See More
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