Baker Hughes has announced that it agreed to acquire the power generation unit of Brush Energy from private equity investors One Equity Partners . It said that this would add to its turbomachinery and decarbonisation portfolio while also expanding its electrification portfolio. Financial terms have not been disclosed.
Baker Hughes said the purchase supports its strategic commitment to provide decarbonisation solutions for the natural gas industry.
Rod Christie, Executive Vice President of Turbomachinery & Process Solutions at Baker Hughes, said: “Through this acquisition, we will expand our core electrification capabilities and scope, further enhance our supply chain, and reach new industrial customers who can benefit from our broader turbomachinery and climate technology solutions offerings.”