Chart Industries Shareholders Approve $13.6B Baker Hughes Takeover

Shareholders of Chart Industries (GTLS) have given their official approval for the company's acquisition by energy technology giant Baker Hughes (BKR) in a landmark deal valued at approximately $13.6 billion.

The approval, confirmed at a special shareholder meeting, marks a critical step toward finalizing the transaction that will see Baker Hughes acquire all outstanding shares of Chart Industries for $210 each in an all-cash deal. The merger is poised to significantly expand Baker Hughes' portfolio, particularly in high-growth sectors such as liquefied natural gas (LNG), data centers, and new energy technologies.

Chart Industries is a leader in the design and manufacturing of specialized equipment for storing and transporting liquefied gases. The acquisition is expected to leverage this expertise, combining Chart's capabilities with Baker Hughes' extensive industrial technology to create comprehensive solutions for a broader range of customers.

In a statement following the vote, Baker Hughes reiterated the strategic benefits of the combination. The company anticipates the deal will be immediately accretive to growth, margins, and earnings per share. Baker Hughes projects significant financial upside, including an estimated $325 million in annualized cost synergies by the end of the third year after the deal closes.

The transaction first announced in July 2025, has now cleared a major hurdle with shareholder consent. The path is now clear for the companies to seek the remaining regulatory approvals. According to the official announcement, both parties anticipate the acquisition will be finalized by mid-2026, subject to customary closing conditions. The move underscores a broader trend of consolidation and strategic repositioning within the energy sector as companies adapt to evolving market demands and the ongoing energy transition.