Baker Hughes (BKR) and Cactus Subsidiary form joint venture to expand Surface Pressure Control reach

From Yahoo Finance: 2025-06-28 13:24:00

Baker Hughes Company (BKR) is one of Goldman Sachs’ top energy stock picks and recently announced a joint venture with a Cactus subsidiary to expand its Surface Pressure Control product line. The venture aims to grow its presence in global wellhead and production system markets, supporting Baker Hughes’ portfolio optimization strategy.

The new joint venture between Baker Hughes and a Cactus subsidiary operates independently from Cactus’ existing pressure control business and aims to expand its global reach in wellhead and production system markets. The deal is expected to close in the second half of 2025 pending regulatory approvals.

Baker Hughes Company (NASDAQ:BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide, offering products like drilling equipment, subsea systems, and industrial power generation solutions. The company is focused on portfolio optimization and driving higher returns for shareholders.

BKR’s joint venture with a Cactus subsidiary supports its growth strategy and focus on core areas, reinforcing its commitment to long-term value for shareholders. The deal is part of Baker Hughes’ ongoing efforts to optimize its portfolio and drive higher returns in the energy sector.



Read more at Yahoo Finance: Baker Hughes (BKR), Cactus Subsidiary Launch Joint Venture to Expand Global SPC Reach