Flowserve Corp: Baker Hughes Edges Out in Chart Industries Acquisition

In a significant development within the industrial equipment sector, Baker Hughes is reportedly nearing a $13.6 billion cash deal to acquire Chart Industries. This move effectively edges out Flowserve Corp, a rival suitor, as reported by multiple financial news sources on July 28, 2025.

Baker Hughes, a prominent oil and gas equipment supplier, is set to finalize this acquisition, which would displace an earlier agreement between Chart Industries and Flowserve. The Financial Times, citing sources familiar with the matter, highlighted that this potential deal would supersede the merger agreement announced in June between Chart Industries and Flowserve, a flow control systems manufacturer.

Flowserve Corp, known for its specialization in pumps, valves, and mechanical seals, primarily serves the refinery and pipeline segments of the petroleum, chemical processing, power generation, and water treatment industries. The company operates globally and is listed on the New York Stock Exchange with a market capitalization of $7.11 billion as of July 24, 2025. The recent developments in the acquisition landscape could have implications for Flowserve’s strategic positioning and market operations.

The deal between Baker Hughes and Chart Industries underscores the competitive dynamics within the industrial equipment sector, where companies are actively seeking to expand their capabilities and market reach through strategic acquisitions. As the situation unfolds, stakeholders in Flowserve and the broader industry will be closely monitoring the impact of this acquisition on market competition and future collaborations.

This news comes amidst other industry activities, such as Theralase Technologies Inc.’s successful closure of a non-brokered private placement, indicating a vibrant period of financial maneuvers across various sectors. However, the focus remains on the potential reshaping of the industrial equipment landscape due to Baker Hughes’ strategic acquisition of Chart Industries.