# Baker Hughes announced the deal in July last year.

*business · news · 2026-05-22 · Reuters*

## Key points

- Baker Hughes announced a deal to expand in industrial technology for LNG and data centers.
- The EU Commission is reviewing the deal, potentially requiring concessions or a deeper investigation.
- Chart manufactures industrial equipment for gas and liquid handling, operating 65 sites worldwide.
- The deal aims to leverage Baker Hughes' portfolio in industrial and energy technology.

Baker Hughes announced the ​deal in July last year ⁠to boost its presence in ​industrial technology servicing liquefied natural ​gas and data centres and also leverage its industrial and energy technology portfolio. Sign up here. The ​Commission, which acts as ​the EU competition enforcer, can either clear ‌the ⁠deal with or without demanding concessions after the end of its preliminary review or it ​can open ​a ⁠full-scale investigation if it has serious concerns. Chart manufactures ​industrial equipment such as valves ​and ⁠measurement technology for gas and liquid molecule handling and operates ⁠65 ​manufacturing locations with ​over 50 service centres globally. Reporting by Foo ​Yun Chee; Editing by Kirsten Donovan

**Companies:** Baker Hughes, Chart
**Countries:** EU

[Read the full story on Reuters](https://www.reuters.com/legal/litigation/eu-regulators-decide-baker-hughes-136-billion-chart-deal-by-june-26-2026-05-22/)

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