Baker Hughes completes acquisition of Chart Industries

Jim Apostolides was appointed senior vice president to lead the Chart segment, overseeing integration using the Baker Hughes Business System.

Baker Hughes reiterated a net leverage target range of 1.0-1.5x within 24 months, tied to integration progress and execution.

Baker Hughes completed its acquisition of Chart Industries on July 16, 2026, adding Chart as a third operating segment.

The deal targets $325 million in annualized cost synergies by year three, with additional commercial synergies cited as potential upside.

Chart generated $4.3 billion of revenue in fiscal 2025, expanding Baker Hughes’ industrial portfolio and recurring aftermarket services base.