On the Record · Baker Hughes Holdings

Baker Hughes Holdings acquisitions, on the record

The businesses Baker Hughes Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Compact Carbon Capture Word for word“In 2020, we acquired Compact Carbon Capture, a technology development company specializing in carbon capture solutions, to advance industrial decarbonization.” 10-K for 2020	acquisition	In 2020	—
Surface Pressure Control Flow business Word for word“In October 2020, we completed the sale of our Surface Pressure Control Flow business, a non-strategic product line in our OFE segment that provided surface wellhead and surface tree systems for the onshore market.” 10-K for 2020	divestiture	In October 2020	—
Rod Lift Systems business Word for word“In June 2020, we completed the sale of our Rod Lift Systems (RLS) business.” 10-K for 2020	divestiture	In June 2020	—
High-speed reciprocating compression (Recip) business Word for word“In July 2019, we completed the sale of our high-speed reciprocating compression (Recip) business.” 10-K for 2020	divestiture	In July 2019	—
Natural Gas Solution (NGS) business Word for word“In October 2018, we completed the sale of our Natural Gas Solution (NGS) business.” 10-K for 2020	divestiture	In October 2018	—
subsea drilling systems business Word for word“In 2021, we contributed our subsea drilling systems business to create a joint venture and received as consideration 50% of the shares of the joint venture, cash of $70 million, and a promissory note of $80 million.” 10-K for 2021	divestiture	In 2021	50% of the shares of the joint venture, cash of $70 million, and a promissory note of $80 million
rod lift systems ("RLS") business Word for word“In June 2020, we completed the sale of our rod lift systems ("RLS") business.” 10-K for 2021	divestiture	June 2020	—
ARMS Reliability Word for word“On the industrial front, we completed the acquisition of ARMS Reliability and an investment in Augury, which will help Baker Hughes continue to build out its industrial asset management platform and deliver an expanded set of asset performance capabilities.” 10-K for 2021	acquisition	—	—
business interests in Augury, Ekona Power and Electrochaea Word for word“We invested $179 million during 2021 in adding capabilities to our new energy and industrial asset management offerings through the acquisition of business interests in Augury, Ekona Power and Electrochaea, among others.” 10-K for 2021	acquisition	during 2021	$179 million
Altus Intervention Word for word“In 2022, we entered into an agreement to acquire Altus Intervention, a leading international provider of well intervention services and downhole technology, which will enhance OFSE's existing portfolio.” 10-K for 2022	agreed acquisition	—	—
Nexus Controls business Word for word“We also reached an agreement with GE for the sale of our Nexus Controls business.” 10-K for 2022	agreed divestiture	—	—
BRUSH Power Generation Word for word“We completed several acquisitions during 2022 including BRUSH Power Generation, Quest Integrity, AccessESP, and Mosaic Materials.” 10-K for 2022	acquisition	2022	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-12-31	$1 million	$0	—
2017-12-31	$3.37 billion	$20 million	$12.78 billion
2018-12-31	$89 million	$453 million	—
2019-12-31	$0	$77 million	—
2020-12-31	—	$187 million	—
2021-12-31	—	$70 million	—
2022-12-31	—	$0	$458 million

Deal filings since 2016

2024-01-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-11-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-12-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-02-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-02-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-01-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-07-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Baker Hughes Holdings’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-14. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.