Chart Industries shareholders have approved the acquisition by Baker Hughes in a deal worth up to $13.6bn. The transaction, expected to conclude by mid-2026, will see Baker Hughes purchase all outstanding shares for $210 per share in cash. Both companies’ boards unanimously approved the deal.

Chart Industries specialises in gas and liquid molecule handling technologies, operating globally with $4.2bn in revenues last year. Baker Hughes aims to enhance its energy and industrial solutions with the acquisition, expanding capabilities in energy and industrial applications. The deal is expected to boost earnings and cash flow resilience.

Financial advisers Goldman Sachs, Centerview Partners, and Morgan Stanley are involved, along with legal advisers Cleary Gottlieb Steen & Hamilton and WilmerHale for Baker Hughes. Wells Fargo and Winston & Strawn are advising Chart. Baker Hughes CEO Lorenzo Simonelli expressed optimism, citing strong shareholder returns and plans to create additional value through the acquisition of Chart.

Read more at Yahoo Finance: Chart shareholders approve $13.6bn acquisition by Baker Hughes