Chart Industries terminates Flowserve merger, confirms $13.6bn Baker Hughes buyout

  • Gas
  • July 29, 2025

US cryogenic equipment manufacturer Chart Industries has terminated its $19bn all-stock merger of equals with industrial machinery supplier Flowserve, having signed a new $13.6bn cash deal with global energy company Baker Hughes.

The confirmation follows reports this morning that Baker Hughes was preparing a , according to the Financial Times.

Chart’s decision came after its board, advised by legal and financial experts, determined that Baker Hughes had made a superior offer to Flowserve’s.

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