Baker Hughes acquires BRUSH Group

Baker Hughes Acquires Power Generation Division Of Brush Group To Enhance Its Electric Machinery Portfolio

08/08/22, 12:03 PM

Location

houston

Industry

energy management

renewable energy

oil and gas

Baker Hughes (Nasdaq: BKR) announced it has agreed to acquire the Power Generation division of BRUSH Group (“BRUSH”) from One Equity Partners. BRUSH is an established equipment manufacturer that specializes in electric power generation and management for the industrial and energy sectors. This acquisition supports Baker Hughes’ strategic commitment to lead in providing decarbonization solutions for the natural gas industry and historically hard-to-abate sectors.

Company Info

Company

Baker Hughes

Location

3636 noble drive

Houston, Texas, United States

Company info

Baker Hughes (Nasdaq: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet.

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Trends

	Raised	Growth The data in the raised column shows reported funding for this location/industry over last 90 days. The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days. Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.
houston	$480.5 M	6.3%
renewable energy	$3 B	-36.2%
energy management	$214.2 M	-55.6%
oil and gas	$165.9 M	-60.6%