Chart Industries Shareholders Approve $13.6B Baker Hughes Takeover
The all-cash deal, valued at $210 per share, paves the way for the creation of a diversified energy and industrial technology leader.
Shareholders of Chart Industries (GTLS) have given their official approval for the company's acquisition by energy technology giant Baker Hughes (BKR) in a landmark deal valued at approximately $13.6 billion.
The approval, confirmed at a special shareholder meeting, marks a critical step toward finalizing the transaction that will see Baker Hughes acquire all outstanding shares of Chart Industries for $210 each in an all-cash deal. The merger is poised to significantly expand Baker Hughes' portfolio, particularly in high-growth sectors such as liquefied natural gas (LNG), data centers, and new energy technologies.
Chart Industries is a leader in the design and manufacturing of specialized equipment for storing and transporting liquefied gases. , combining Chart's capabilities with Baker Hughes' extensive industrial technology to create comprehensive solutions for a broader range of customers.
In a statement following the vote, Baker Hughes reiterated the strategic benefits of the combination. The company anticipates the deal will be immediately accretive to growth, margins, and earnings per share. , including an estimated $325 million in annualized cost synergies by the end of the third year after the deal closes.
The transaction first announced in July 2025, has now cleared a major hurdle with shareholder consent. The path is now clear for the companies to seek the remaining regulatory approvals. , both parties anticipate the acquisition will be finalized by mid-2026, subject to customary closing conditions. The move underscores a broader trend of consolidation and strategic repositioning within the energy sector as companies adapt to evolving market demands and the ongoing energy transition.