Duyuru • Apr 24
Baker Hughes Declares Quarterly Cash Dividend, Payable on May 15, 2026 Baker Hughes announced that its Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on May 15, 2026, to holders of record on May 5, 2026. Duyuru • Apr 14
Hexagon AB (publ) (OM:HEXA B) entered into an agreement to acquire Waygate Technologies USA, LP from Baker Hughes Company (NasdaqGS:BKR) for $1.5 billion. Hexagon AB (publ) (OM:HEXA B) entered into an agreement to acquire Waygate Technologies USA, LP from Baker Hughes Company (NasdaqGS:BKR) for $1.5 billion on April 13, 2026. The total consideration is to be paid in cash and on a debt-free basis, before customary closing adjustments. Hexagon intends to finance the acquisition with cash and utilisation of existing debt capacity.
In fiscal year 2025, Waygate generated around $630 million in revenue, $83 million EBITDA, and $65 million EBIT.
The closing of the transaction is subject to customary conditions, including regulatory approvals, and is expected to close in the second half of 2026.
J.P. Morgan Securities LLC acted as financial advisor for Baker Hughes Company. Duyuru • Mar 31
Baker Hughes Company, Annual General Meeting, May 19, 2026 Baker Hughes Company, Annual General Meeting, May 19, 2026. Duyuru • Feb 06
Baker Hughes Declares Quarterly Cash Dividend, Payable on February 27, 2026 Baker Hughes announced that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on February 27, 2026, to holders of record on February 17, 2026. Duyuru • Jan 06
Cactus International Announces Appointment of Stephen Tadlock as CEO, Effective January 1, 2026 Cactus, Inc. announced that Stephen Tadlock, Executive Vice President and Chief Executive Officer of the company's spoolable technologies segment, has been appointed as the Chief Executive Officer of Cactus International, effective January 1, 2026. Duyuru • Jan 05
Crane Company (NYSE:CR) completed the acquisition of Precision Sensors & Instrumentation (PSI) Product Line of Baker Hughes Company (NasdaqGS:BKR). Crane Company (NYSE:CR) entered into an agreement to acquire Precision Sensors & Instrumentation (PSI) Product Line of Baker Hughes Company (NasdaqGS:BKR) for approximately $1.2 billion on June 6, 2025. The cash consideration of $1.06 billion is the adjusted value after tax benefits with an estimated net present value of approximately $90 million. Crane Company intends to finance the acquisition with a combination of cash on hand and additional debt. The purchase of PSI is contingent upon regulatory approvals and customary closing conditions. The transaction is also subject to expiration or termination of all waiting periods under the HSR Act and the antitrust, competition or foreign investment laws. As of September 30, 2025 Crane Company entered into a credit agreement for a term loan facility in an aggregate principal amount of $900 million. The Term Facility will be available to fund the consummation of the acquisition.
The acquisition is currently expected to close at the end of 2025 or early 2026. Evercore acted as financial advisor to Baker Hughes. Jannan Crozier, John Quattrocchi, Tanner Bodine, Kim Sartin, Jessica Greenwald and Lane Morgan of Baker McKenzie acted as legal advisor to Baker Hughes. Calvina Bostick, Chris Carson, Amy Ironmonger, Adam Tejeda, Leann Walsh, Jennifer Thiem, Rikki Sapolich-Krol, Vishal Mehta, Francesco Carloni, Michael Hofmann and Christopher Swallow of K&L Gates LLP with offices in the US, France, China, Japan, Germany, and the United Kingdom acted as legal advisor to Crane Company.
Crane Company (NYSE:CR) completed the acquisition of Precision Sensors & Instrumentation (PSI) Product Line of Baker Hughes Company (NasdaqGS:BKR) on January 5, 2026. Duyuru • Jan 02
Cactus Companies, Llc completed the acquisition of 65% stake in Surface Pressure Control Business of Baker Hughes Company (NasdaqGS:BKR). Cactus Companies, Llc agreed to acquire 65% stake in Surface Pressure Control Business of Baker Hughes Company (NasdaqGS:BKR) for approximately $340 million on June 2, 2025. Cactus will purchase a 65% interest in SPC for $344.5 million (on a debt-free, and, except as noted below, cash-free basis) subject to customary purchase price adjustments. Cactus expects to utilize cash on hand (approx.$348 million as of March 31, 2025) and funds from its undrawn $225 million revolving credit facility to fund the up-front consideration. The upfront purchase price of 65% represents a multiple of approximately 6.7x 2024 Transaction Adjusted EBITDA. The completion of the transaction is subject to customary closing conditions, including, among others, the expiration or termination of any applicable waiting period under certain competition laws and the obtainment of all regulatory clearances under such competition laws and regulatory approval. Closing is expected to occur in the second half of 2025.
Piper Sandler & Co. is serving as the exclusive financial advisor to Cactus and Jason Jean and Jared Berg of Bracewell LLP are serving as legal counsel in association with the transaction. Sam Snider and Nathan Mihalik of McDermott Will & Emery LLP acted as legal advisor to Baker Hughes Company.
Cactus Companies, Llc completed the acquisition of 65% stake in Surface Pressure Control Business of Baker Hughes Company (NasdaqGS:BKR) on January 2, 2026. Duyuru • Dec 29
Baker Hughes Company to Report Q4, 2025 Results on Jan 25, 2026 Baker Hughes Company announced that they will report Q4, 2025 results at 5:00 PM, US Eastern Standard Time on Jan 25, 2026 Duyuru • Nov 24
Ananym Capital Provides Information to Shareholders of Baker Hughes On November 23, 2025, Ananym Capital Management LP announced that it has urging the Baker Hughes Company to spin off its Oilfield Services and Equipment business, argues that this could increase the stock price by ~60%. In addition, Ananym Capital stated that the Company operates in 2 segments Industrial & Energy Technologies, Oilfield Services & Equipment, and stated that the Company has strong historical returns, leading position in LNG turbomachinery (95% global footprint), expected to grow at 10% CAGR through 2030. Further, Ananym Capital stated that the Company highly exposed to commodity price volatility, management has improved earnings mix, exited low-margin ventures, and focused on international markets. Ananym Capital expects to work amicably with management but could become assertive if progress stalls, and the Company is already reviewing capital allocation, cost structure, and operations. Duyuru • Oct 24
Baker Hughes Declares Quarterly Dividend on Class A Common Stock, Payable on November 14, 2025 Baker Hughes announced that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on November 14, 2025, to holders of record on November 4, 2025. Duyuru • Oct 15
Baker Hughes Company Announces Executive Changes On October 7, 2025, Ganesh Ramaswamy tendered his resignation as Executive Vice President, Industrial & Energy Technology of Baker Hughes Company (the “Company”) in order to pursue another opportunity. The Company thanks Mr. Ramaswamy for his significant contributions to the Company and wishes him success in his future endeavors. Effective October 24, 2025, Maria Claudia Borras, age 56, will assume the role of Executive Vice President, Industrial & Energy Technology on an interim basis in addition to her role as Chief Growth and Experience Officer. Ms. Borras is responsible for driving enterprise growth and enhancing customer experience, leading the commercial, regional and marketing organizations and driving transformation to energize business expansion across the company’s portfolio. Ms. Borras has more than 30 years of experience with Baker Hughes and the energy and energy technology industries. From 2022-2024, she served as Executive Vice President of Oilfield Services & Equipment, and from 2017-2022, she served as Executive Vice President of Oilfield Services. Duyuru • Sep 24
Baker Hughes Company to Report Q3, 2025 Results on Oct 23, 2025 Baker Hughes Company announced that they will report Q3, 2025 results at 5:00 PM, US Eastern Standard Time on Oct 23, 2025 Duyuru • Aug 08
Baker Hughes Company (NasdaqGS:BKR) completed the acquisition of Continental Disc Corporation from Tinicum Incorporated and others. Baker Hughes Company (NasdaqGS:BKR) agreed to acquire Continental Disc Corporation from Tinicum Incorporated and others for approximately $540 million on June 16, 2025. The acquisition will be funded with cash on hand. The transaction is subject to completion of all customary conditions and required regulatory approvals. The transaction is expected to close in the fourth quarter of 2025. As per filling of July 23, 2025, the acquisition is expected to close in the third quarter of 2025. Omar Pringle and Mitchell Presser of Morrison & Foerster LLP acted as legal advisor to Continental Disc Corporation, LLC. William Blair & Company, L.L.C. acted as the financial advisor to Continental Disc Corporation, LLC. Jefferies Financial Group Inc. acted as financial advisor to Baker Hughes. Erik Belenky of King & Spalding LLP acted as legal advisor to Baker Hughes in the transaction. Robert W. Baird & Co. acted as financial advisor to Continental Disc Corporation.
Baker Hughes Company (NasdaqGS:BKR) completed the acquisition of Continental Disc Corporation from Tinicum Incorporated and others on August 7, 2025. The acquisition is expected to be immediately accretive to earnings and cash flow per share and Industrial & Energy Technology’s segment margins. Duyuru • Jul 23
Baker Hughes Company Declares Quarterly Cash Dividend on Class A Common Stock, Payable on August 15, 2025 Baker Hughes announced that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on August 15, 2025, to holders of record on August 5, 2025. Duyuru • Jun 16
Baker Hughes Company (NasdaqGS:BKR) agreed to acquire Continental Disc Corporation from Tinicum Incorporated and others for approximately $540 million. Baker Hughes Company (NasdaqGS:BKR) agreed to acquire Continental Disc Corporation from Tinicum Incorporated and others for approximately $540 million on June 16, 2025. The acquisition will be funded with cash on hand. The transaction is subject to completion of all customary conditions and required regulatory approvals. The transaction is expected to close in the fourth quarter of 2025. Duyuru • Jun 13
Baker Hughes Company to Report Q2, 2025 Results on Jul 22, 2025 Baker Hughes Company announced that they will report Q2, 2025 results at 5:00 PM, US Eastern Standard Time on Jul 22, 2025 Duyuru • Jun 10
Crane Company (NYSE:CR) entered into an agreement to acquire Precision Sensors & Instrumentation (PSI) Product Line of Baker Hughes Company (NasdaqGS:BKR) for approximately $1.2 billion. Crane Company (NYSE:CR) entered into an agreement to acquire Precision Sensors & Instrumentation (PSI) Product Line of Baker Hughes Company (NasdaqGS:BKR) for approximately $1.2 billion on June 9, 2025. The cash consideration of $1.06 billion is the adjusted value after tax benefits with an estimated net present value of approximately $90 million. Crane Company intends to finance the acquisition with a combination of cash on hand and additional debt. The purchase of PSI is contingent upon regulatory approvals and customary closing conditions. The acquisition is currently expected to close at the end of 2025 or early 2026. Evercore acted as financial advisor to Baker Hughes. Duyuru • Apr 23
Baker Hughes Company Declares Quarterly Cash Dividend, Payable on May 16, 2025 Baker Hughes announced that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on May 16, 2025, to holders of record on May 6, 2025. Duyuru • Apr 01
Baker Hughes Company, Annual General Meeting, May 20, 2025 Baker Hughes Company, Annual General Meeting, May 20, 2025. Duyuru • Mar 31
Baker Hughes Company Announces Management Changes Baker Hughes Company announced On March 28, 2025, Lynn L. Elsenhans announced that she will not stand for re-election at Baker Hughes Company's 2025 Annual Meeting of Shareholders. She has served on the company’s Board since 2019, having previously been part of its predecessor entities from 2012-2019. Elsenhans currently chairs the Governance & Corporate Responsibility Committee and is a member of the Human Capital and Compensation Committee. She will continue in her committee roles until May 1, 2025, and remain a director until the 2025 Annual Meeting. Her decision not to seek re-election is not due to any disagreements with the company. The Board expressed gratitude for her contributions. On the same day, the Board elected Ilham Kadri as a director, effective May 1, 2025. The Board size will increase from ten to eleven members at that time. Kadri, 56, is the current CEO of Syensqo S.A. (since December 2023) and was previously the CEO of Solvay S.A. from 2019-2023. She has extensive leadership experience across multiple industries, having worked with companies like Shell, UCB, Huntsman, Dow Chemical, and Sealed Air. Kadri is also a director at A.O. Smith Corporation and L’Oréal S.A. The Board confirmed that Kadri is independent under corporate governance standards and qualifies as an audit committee financial expert. She will serve on the Audit and Human Capital and Compensation Committees.