# Baker Hughes agrees to sell Natural Gas Solutions unit for $375M

Baker Hughes, a GE company, reached an agreement to sell its Natural Gas Solutions business to First Reserve and Pietro Fiorentini for US$375 million, as reported in Q3 2018.

- Type: Acquisition
- Announced: 2018-10-29
- Value: $375.0M
- Status: announced
- Products: natural gas solutions

## Companies

- [Pietro Fiorentini](https://endata.com/companies/766.md) (partner)
- [Baker Hughes](https://endata.com/companies/1895.md) (partner)
- [First Reserve Corporation](https://endata.com/companies/2789.md) (partner)

## Sources

- [worldpumps.com](https://www.worldpumps.com/content/news/pumps-mergers-acquisitions-review-q3-2018), 2018-10-29: "Baker Hughes, a GE company (BHGE) reached an agreement to sell its Natural Gas Solutions (NGS) business to private equity investment firm First Reserve and Italy's Pietro Fiorentini SpA, for US$375 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.