Baker Hughes to acquire Continental Disc Corporation for $540 million, focusing on industrial portfolio expansion.

From Yahoo Finance: 2025-06-24 21:33:00

Baker Hughes Company (NASDAQ:BKR) is set to acquire Continental Disc Corporation for $540 million. The deal is expected to close in Q4 2025, pending approval. BKR focuses on natural gas, recently securing a contract for 16 gas turbines to power data centers in Wyoming and Texas. They’ve also partnered with Venture Global for LNG projects in the US.

Lorenzo Simonelli, CEO of Baker Hughes, expressed excitement over the acquisition of Continental Disc Corporation, highlighting the strategic expansion of their industrial portfolio. With a focus on driving higher returns, BKR aims to create long-term value for shareholders. The company is a key player in the energy technology sector, offering solutions to global energy and industrial clients.



Read more at Yahoo Finance: Baker Hughes to Acquire Continental Disc Corporation