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EU Regulators to Decide by June 26 on Baker Hughes’ $13.6 Billion Chart Industries Deal

By  |  May 22, 2026
European Union, EU

European Union antitrust regulators are set to decide by June 26 whether to approve oilfield services company Baker Hughes’ proposed $13.6 billion acquisition of Chart Industries, according to Reuters, citing a filing from the European Commission.

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    The acquisition, first announced in July last year, is part of Baker Hughes’ broader strategy to expand its footprint in industrial technology sectors tied to liquefied natural gas (LNG) and data centres. Per Reuters, the company also aims to strengthen its existing industrial and energy technology operations through the deal.

    The European Commission, which oversees competition enforcement across the European Union, will conduct a preliminary review before making its decision. According to Reuters, regulators may approve the transaction either with or without concessions, or they could launch a more detailed investigation if they identify significant competition concerns.

    Chart Industries manufactures industrial equipment used in handling gases and liquids, including valves and measurement systems. The company operates 65 manufacturing facilities and more than 50 service centres worldwide, according to Reuters.

    The outcome of the review could have implications for consolidation within the energy technology and industrial equipment sectors, particularly as demand grows for LNG infrastructure and data centre-related services.

    Source: Reuters