Baker Hughes has acquired the power generation division of Brush Group from One Equity Partners.
The acquisition supports Baker Hughes’ strategic commitment to lead in providing decarbonisation solutions for the natural gas industry and historically hard-to-abate sectors.
The addition of Brush will enhance Baker Hughes’ core turbomachinery portfolio with electromechanical equipment, including electric generators, synchronous condensers, electric motors, and associated control power management systems.
Already in use across a wide range of industries, Brush’s technology complements Baker Hughes’ existing e-LNG offering.
Through the acquisition, Baker Hughes also plans to optimise its supply chain by leveraging Brush Power Generation’s manufacturing base and expanding its scope on customer projects in both the industrial and energy sectors.
“The need for electrification in the hard-to-abate and natural gas sectors plays an increasingly critical role in accelerating the path to net-zero.
Through this acquisition, we will expand our core electrification capabilities and scope, further enhance our supply chain, and reach new industrial customers who can benefit from our broader turbomachinery and climate technology solutions offerings,” says Rod Christie, Executive Vice-President of Turbomachinery and Process Solutions at Baker Hughes.
The acquisition provides an opportunity to leverage Brush’s expertise and supply-chain to establish an electro-mechanical technology platform within Baker Hughes to serve a broad customer base with integrated solutions.
The acquisition is expected to close in Q4 of 2022 upon receipt of all required customary regulatory approvals.-OGN