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Baker Hughes wins conditional EU nod for $13.6 billion Chart deal | The Mighty 790 KFGO
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. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.
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.
Read the full story at kfgo.com →
Topics: Energy Storage · Industrial Automation · m-and-a · antitrust · lng-infrastructure · divestiture · industrial-tech