Baker Hughes, a U.S. oilfield services firm, has secured conditional EU antitrust approval for its $13.6 billion acquisition of Chart Industries, a manufacturer of industrial equipment.
The European Commission, which acts as the EU competition enforcer, approved the deal after Baker Hughes agreed to sell a Chart business and ensure the interoperability of their equipment with third parties’ LNG equipment.
Chart makes industrial equipment such as valves and measurement technology for gas and liquid molecule handling and has 65 manufacturing locations with more than 50 service centers globally.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
