# Baker Hughes' Subsea Drilling Systems and MHWirth complete merger to form HMH

The merger of Baker Hughes' Subsea Drilling Systems business and Akastor's wholly-owned subsidiary MHWirth has been completed to form HMH, a global offshore drilling equipment company. Baker Hughes and Akastor own equal equity in the new company, effective October 1, 2021.

- Type: Acquisition
- Announced: 2021-10-01
- Where: Amsterdam, Netherlands
- Status: completed
- Products: offshore drilling equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [HMH](https://endata.com/companies/58107.md)
- [Akastor](https://endata.com/companies/1565.md) (partner)
- [Baker Hughes](https://endata.com/companies/1895.md) (partner)
- [MHWirth](https://endata.com/companies/37399.md) (target)
- [HMH](https://endata.com/companies/58107.md) (partner)

## Sources

- [hmhw.com](https://hmhw.com/archives/943/baker-hughes-subsea-drilling-systems-and-akastors-mhwirth-complete-merger-to-form-hmh/), 2021-10-01: "We are combining two of the best-known equipment manufactures in our industry to create HMH."
- [businesswire.com](https://www.businesswire.com/news/home/20211006005908/en/Baker-Hughes-Subsea-Drilling-Systems-and-Akastors-MHWirth-Complete-Merger-to-Form-HMH), 2021-10-06: "The merger of Baker Hughes’ (NYSE: BKR) Subsea Drilling Systems business (SDS) and Akastor ASA’s (Oslo: AKAST) wholly-owned subsidiary, MHWirth AS (MHWirth), has been completed to form a global offshore drilling equipment company."

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