Baker Hughes announced that Chart Industries shareholders have approved its pending acquisition, marking a key milestone in Baker Hughes’ plan to become a leading energy and industrial technology company. The transaction, expected to close by mid-2026 pending regulatory approvals, will expand Baker Hughes’ Industrial & Energy Technology (IET) segment and strengthen its presence in high-growth markets such as LNG, data centers, and clean energy.

CEO Lorenzo Simonelli said the acquisition supports Baker Hughes’ long-term strategy and enhances shareholder value, noting that the company has delivered total shareholder returns of 340% over five years. The company reaffirmed its third-quarter and full-year 2025 guidance while conducting a comprehensive review of capital allocation, business structure, and operations to identify further growth.