On the Record · Baker Hughes
Baker Hughes acquisitions, on the record
The businesses Baker Hughes 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 |
|---|---|---|---|
Altus InterventionWord for word“In 2023, we completed the acquisition of Altus Intervention, a leading international provider of well intervention services and downhole technology, which significantly enhances OFSE's existing portfolio.” 10-K for 2023 | acquisition | — | — |
Nexus Controls businessWord for word“We also completed the sale of the Nexus Controls business in April 2023.” 10-K for 2023 | divestiture | April 2023 | — |
businesses acquired in 2023, primarily Altus InterventionWord for word“During 2023, we completed the acquisition of businesses for total cash consideration of $ 301 million, net of cash acquired, which consisted primarily of the acquisition of Altus Intervention in the OFSE segment in April 2023.” 10-K for 2023 | acquisition | 2023 | total cash consideration of $ 301 million, net of cash acquired |
part of our OFSE Russia businessWord for word“During 2022, we sold part of our OFSE Russia business to local management for a nominal amount, which resulted in a loss before income taxes of $ 451 million.” 10-K for 2023 | divestiture | 2022 | a nominal amount |
part of the OFSE Russia businessWord for word“During 2022, the Company sold part of the OFSE Russia business to local management for a nominal amount, which resulted in a loss before income taxes of $ 451 million.” 10-K for 2024 | divestiture | 2022 | a nominal amount |
several acquisitionsWord for word“During 2022, the Company completed several acquisitions for total cash consideration of $ 767 million, net of cash acquired of $ 50 million, subject to the finalization of post-closing working capital adjustments.” 10-K for 2024 | acquisition | 2022 | $ 767 million |
BRUSH Power Generation, Quest Integrity, AccessESP, and Mosaic MaterialsWord for word“In 2022, we completed the acquisition of businesses for total cash consideration of $767 million, net of cash acquired, including BRUSH Power Generation, Quest Integrity, AccessESP, and Mosaic Materials.” 10-K for 2024 | acquisition | 2022 | $767 million |
Continental Disc CorporationWord for word“In 2025, we completed the acquisition of CDC in the IET segment in an all-cash transaction for approximately $543 million.” 10-K for 2025 | acquisition | 2025 | approximately $543 million |
Precision Sensors & Instrumentation (PSI) businessWord for word“In June 2025, the Company announced the sale of its PSI business to Crane Company, a diversified manufacturer of engineered industrial products.” 10-K for 2025 | agreed divestiture | June 2025 | — |
Surface Pressure Control businessWord for word“The Company completed the sale of the business to the joint venture on January 1, 2026.” 10-K for 2025 | divestiture | January 1, 2026 | — |
| 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 | $13.05 billion |
| 2018-12-31 | $89 million | $453 million | — |
| 2019-12-31 | $0 | $77 million | — |
| 2020-12-31 | — | $187 million | — |
| 2021-12-31 | $87 million | $70 million | — |
| 2022-12-31 | $767 million | $0 | $458 million |
| 2023-12-31 | $301 million | $293 million | $138 million |
| 2024-12-31 | $0 | $0 | — |
| 2025-12-31 | $830 million | $0 | $254 million |
Deal filings since 2016
- 2026-07-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-07-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2026-03-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-08-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-07-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 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
- 2018-11-16 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
- 2017-10-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Baker Hughes’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-05. 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.