What conditions did Baker Hughes agree to in order to secure conditional EU antitrust approval for its $13.6 billion acquisition of Chart Industries?

Baker Hughes agreed to divest Chart's proprietary process technology and its small-scale process technology business, and to ensure the interoperability of their equipment with third parties' LNG equipment; these remedies are binding for 10 years.

Why did the European Commission require concessions from Baker Hughes regarding the Chart Industries deal?

The European Commission required concessions because it had concerns that, post-merger, Baker Hughes would have both the ability and incentive to favour Chart's LNG business over competitors, potentially harming competition in the LNG technology market.

Baker Hughes wins conditional EU nod for $13.6 billion Chart deal

Jul 10, 2026

Baker Hughes secured EU antitrust approval for its $13.6 billion acquisition of Chart Industries after agreeing to divest certain process technology businesses to address competition concerns regarding LNG operations.

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