Baker Hughes Completes Acquisition of Chart Industries

Baker Hughes Company (NASDAQ: BKR) announced the successful completion of its acquisition of Chart Industries, Inc. (NYSE: GTLS). This strategic transaction is expected to enhance Baker Hughes' ability to deliver durable earnings and cash flow, driven by an expanded industrial portfolio and enhanced recurring aftermarket services. The company anticipates $325 million in annualized cost synergies within three years. Chart Industries will become a third operating segment for Baker Hughes.