US-based energy technology giant Baker Hughes has completed the acquisition of Chart Industries, bolstering its technology arsenal in energy and industrial, with further growth expected from natural gas, data centers and energy conversion projects.
Baker Hughes chose it He spread his wings Last year through the acquisition of Chart Industries to push its energy and industrial technology strategy to new heights and upgrade its portfolio, particularly in natural gas, data centers and energy transition ecosystems to drive further business growth.
While Baker Hughes has confirmed the completion of its purchase of Chart Industries, it stresses that the acquisition is expected to enhance its ability to generate sustainable earnings and cash flows, driven by an expanded industrial portfolio and enhanced recurring after-sales services.
Lorenzo SimonelliBaker Hughes Chairman and CEO commented: “Chart’s thermal management solutions provide complementary capabilities and aftermarket offerings that accelerate our portfolio strategy.
“Together, we will expand the solutions we offer across a broad range of energy and industrial markets and create greater value for customers and shareholders. We welcome our new colleagues to Baker Hughes and look forward to working with them to deliver disciplined execution and maximize synergies as we move forward.”
C. apostolidesBaker Hughes’ chief infrastructure and performance officer, has been named senior vice president to lead the graph sector. Apostolides has led a seamless and effective integration program since July 2025 to support strategic growth and operational synergistic readiness.
Simonelli added: “Congratulations to Jim on his well-deserved appointment as this sector leader. Jim’s business rigor, demonstrated by decades of global supply chain experience and operational leadership of large complex facilities around the world, makes him well-suited to lead the implementation of the Baker Hughes business system within CHART.”
The new addition will operate as a new reporting sector within the US giant, reflecting the scale and strategic importance of its diverse capabilities in air and gas handling, thermal management, and lifecycle services. The segment structure aims to maintain the commercial and operational focus of the acquired company while enabling full integration and synergies.
Chart reported revenues of $4.3 billion for fiscal 2025 and currently serves customers in more than 50 countries, covering sectors including gas infrastructure, nuclear, data centers, carbon capture and storage (CCS), aerospace, geothermal, and other high-growth industrial markets.
Baker Hughes has launched a comprehensive integration program, focusing on aligning product and technology platforms, engineering and business practices, lifecycle and digital services. Achieving early synergies across the supply chain, functional support and manufacturing is viewed as a priority, with a target of achieving annual cost synergies of $325 million within three years.
“The acquisition of Chart represents an important step in enhancing Baker Hughes’ portfolio and growth strategy. By simplifying non-core businesses and expanding into industrial and lifecycle markets, Baker Hughes is committed to long-term sustainable growth, improving capital efficiency, and enhancing shareholder value.” The American company confirmed.
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