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Baker Hughes completed its acquisition of Chart Industries, greatly expanding its industrial portfolio and aftermarket service capabilities.
Baker Hughes and Chart Industries signed a definitive agreement for Baker Hughes to acquire all Chart shares at US$210 per share in cash, a total enterprise value of US$13.6 billion, after Flowserve and Chart ended their merger.
Baker Hughes agreed to buy all outstanding shares of Chart Industries at $210 per share, a $13.6 billion total enterprise value, and also acquired Continental Disc. The article is dated 13 August 2025; the deal was reported as finalized in late July.
Flowserve terminated its merger agreement with Chart Industries and will receive a $266 million termination payment after declining to submit a revised offer, as Chart's board deemed a Baker Hughes proposal superior.
Chart Industries and Flowserve agreed to combine in an all-stock merger of equals that values the combined company at about $19 billion. Chart shareholders will receive 3.165 Flowserve shares per Chart share, and the combined company will be headquartered in Dallas.
Chart Industries received an order from Element Resources for hydrogen liquefaction systems, liquid hydrogen storage and transport equipment, and hydrogen compression for the Lancaster Clean Energy Center in Lancaster, California. The plant is targeted to begin commercial operations in 2026 and produce over 20,000 tons of green hydrogen annually in its first phase.
Ingersoll Rand completed its all-cash acquisition of Howden Roots from Chart Industries for approximately $300 million, adding low-pressure compression and vacuum technologies. The Connersville, Indiana manufacturing facility transferred to Ingersoll Rand.
Ingersoll Rand agreed to buy Howden Roots LLC from Chart Industries for an all-cash price of about $300 million. Roots has about $115 million in revenue, and the deal is expected to close in Q3 2023 pending regulatory approvals.
Flowserve and Chart Industries signed an agreement under which Flowserve acquires in-process R&D for Chart's liquid hydrogen fueling pump and will be its sole manufacturer and supplier once commercial production begins.
Chart Industries signed a definitive agreement to acquire Howden, a global air and gas handling equipment maker, from KPS Capital Partners for $4.4 billion, funded by cash and preferred stock, with closing expected in the first half of 2023.
Chart Industries and Flowserve have finalized a $19 billion merger of equals, combining Chart's cryogenic technologies with Flowserve's pumps, valves and seals, with about $300 million in projected annual cost synergies.
Chart Industries signed a definitive agreement to acquire VRV s.p.a. and its subsidiaries, makers of cryogenic and energy and petrochemical pressure equipment, for €125 million plus assumed debt of about €70 million.
Chart Industries and Flowserve have finalized their $19 billion merger of equals, combining Chart's cryogenic technologies with Flowserve's flow control systems. The deal closed in February 2026 and is expected to yield $300 million in annual cost synergies.
RIX Industries, a Benicia, California compressor maker, announced it acquired Qdrive, a subsidiary of Chart Industries, including its assets and IP to expand RIX's cryogenics business. The announcement is dated June 16, 2017.
