Baker Hughes finalises joint venture with Cactus for $344.5 million
Baker Hughes has completed the transfer of its surface pressure control business to Cactus in a majority joint venture, receiving $344.5 million to strengthen its liquidity and realign its industrial portfolio.
| Countries | États-Unis |
|---|---|
| Companies | Baker Hughes |
| Sector | Pétrole |
| Theme | Investissements & Transactions |
Baker Hughes announced the final closing of its joint venture with a subsidiary of Cactus Inc., transferring its surface pressure control (SPC) business in exchange for a minority stake and a cash payment of $344.5 million before customary adjustments. The deal allows the American group to reinforce its financial structure while pursuing a strategy of refocusing on higher-margin segments.
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