Baker Hughes sells gas solutions business for $375 million

For illustration purposes only (Image courtesy of BHGE)

US-based Baker Hughes, a GE company, is selling off its natural gas solutions business in two deals worth about $375 million.

Baker Hughes will sell part of the business to private equity firm First Reserve.

This transaction includes the transfer of about 450 employees located in eight countries, including three manufacturing sites in North America and the United Kingdom, according to a Baker Hughes statement.

The Talamona branch of the natural gas solutions business product line will be sold to Italian firm Pietro Fiorentini.  The transaction includes the transfer of about 40 employees and a manufacturing site in Talamona, Italy, the company said.

Both transactions are expected to close in the second half of 2018, subject to customary closing conditions and appropriate regulatory approvals.

Natural gas solutions unit is part of BHGE’s turbomachinery and process solutions segment, providing commercial and industrial products such as gas meters, chemical injection pumps, pipeline repair products and electric actuators.

Share this article

Follow LNG World News


<< Apr 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.


More info

read more >