Acquiring Company
Cactus
Acquired Company
Baker Hughes
HoustonHoustonManufacturingEnergyOil And GasSoftwareinformation technology & servicesEnergyRenewable EnergyDescription
Cactus, Inc. has acquired a 65% stake in Baker Hughes' Surface Pressure Control (SPC) business, enhancing its market diversification and resilience. This strategic move is expected to close in late 2025 or early 2026 and will provide Cactus with valuable expertise in production technologies. The acquisition aims to integrate SPC's operations into Cactus's capital-light business model, reducing costs and improving margins.
Quick answer
Cactus is acquiring Baker Hughes, announced August 2, 2025. Cactus is based in Houston, Texas, United States.
- How much did Cactus pay for Baker Hughes?
- The deal value was not disclosed.
- What does Cactus do?
- Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment.
- Where are Cactus and Baker Hughes based?
- Cactus is based in Houston, Texas, United States. Baker Hughes is based in Houston, Texas, United States.
- Who are the decision-makers at Cactus?
- Fundz holds 2 contacts at Cactus. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Energy and Oil And Gas
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- Eaton acquires Resilient Power Systems Inc. (August 6, 2025)
- Chevron acquires Hess Corporation in landmark deal (July 30, 2025)
- Chevron acquires Hess Corporation for $53 billion, $53B (July 23, 2025)
- Eaton to acquire Resilient Power Systems Inc. (July 16, 2025)
- Schlumberger acquires ChampionX for $40.58 per share (July 16, 2025)
- Alfa Laval acquires Fives Energy Cryogenics unit (July 8, 2025)
Who to call at Cactus, and when
When Cactus changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Related People
Frequently asked
Who acquired Baker Hughes?
Baker Hughes was acquired by Cactus, based in Houston. The deal was reported on August 2, 2025. Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Cactus is publicly traded (WHD) and operates in Manufacturing.
When did Cactus acquire Baker Hughes?
Cactus's acquisition of Baker Hughes was reported on August 2, 2025. Cactus, Inc. has acquired a 65% stake in Baker Hughes' Surface Pressure Control (SPC) business, enhancing its market diversification and resilience. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Baker Hughes do?
Baker Hughes (Nasdaq: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. It is publicly traded (BKR), operating in Energy, and is based in Houston.
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