Baker Hughes has announced that shareholders of Chart Industries (Chart)approved its acquisition, expected to finalise in mid-2026 pending regulatory approvals.

The acquisition will enhance Baker Hughes’ Industrial & Energy Technology segment, expanding its capabilities in high-growth markets like LNG, data centres, and clean energy.

Additionally, the company is exploring further value creation opportunities, alongside recent initiatives such as selling the Precision Sensors & Instrumentation product line and acquiring Continental Disc Corporation.

"We are pleased that Chart shareholders have approved our pending acquisition as we aim to capitalise on the momentum of both companies," said Lorenzo Simonelli, Chairman and CEO. "Our strategy has delivered total shareholder returns of340 per cent over the past five years, 150 per cent over the past three years and 38 per cent in the last 12 months, significantly outperforming our peers. With the pending acquisition of Chart, we are undertaking a comprehensive evaluation of our capital allocation focus, business, cost structure and operations, with a view toward delivering additional value for our shareholders."