Baker Hughes Wins Chart Shareholders Vote for Takeover

SECAUCUS, NJ – Baker Hughes announced Monday it has moved closer in its all-cash acquisition of Atlanta-based Chart Industries for $13.6 billion, after shareholders of the equipment maker for the liquid gas supply chain voted to approve the transaction.

The takeover, which is still subject to regulatory approvals, is expected to be completed in mid-2026.

It will be central for energy technology and services company Houston-based Baker Hughes to diversify into the industrial technology space that defines Chart Industries, Chairman and CEO Lorenzo Simonelli said.

Baker Hughes could also expect “comprehensive evaluation of our capital allocation focus, business, cost structure and operations” from the transaction, Simonelli added in a statement.