Wire · regulatory
Baker Hughes wins conditional EU nod for $13.6 billion Chart deal
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Fusion42 · 11 July 2026 · Fusion42 review
Baker Hughes has won EU antitrust approval for its $13.6 billion acquisition of Chart Industries, a supplier of industrial equipment for LNG and data centre cooling, conditional on divesting Chart's proprietary small-scale process technology and ensuring third-party equipment interoperability. The deal, announced a year ago, aims to expand Baker Hughes' footprint in industrial gas handling and energy technology.
This Wire brief sits within Fusion42's coverage of Energy Storage and Industrial Automation.
◆ ◆ The Wire takeaway
If you make LNG process technology or equipment for gas molecule handling, you now have an orphaned customer: Baker Hughes was forced to sell Chart's small-scale tech to get this deal past Europe, and that divested business needs a new owner or partner within 10 years. The EU just created a fire-sale asset.
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1 source · 10 Jul 2026
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