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business / news / 2026-05-22 / Reuters

Baker Hughes announced the deal in July last year.

Baker Hughes announced a deal to expand in industrial technology for LNG and data centers.

KEY POINTS

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

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