On July 16, 2026, Baker Hughes completed its acquisition of Chart Industries, Inc. Each share of Chart common stock was converted into the right to receive $210.00 in cash. As part of the merger, Chart's board of directors resigned and executive officers Gerald F. Vinci, Joseph R. Brinkman, and Herbert G. Hotchkiss were removed, while Joseph A. Belling remains Chief Technology Officer. Baker Hughes funded the transaction using cash on hand, borrowings, and senior notes totaling $6.5 billion and €3.0 billion issued on March 11, 2026. Chart's outstanding 7.500% Senior Secured Notes due 2030 ($1.457 billion) and 9.500% Senior Notes due 2031 ($510 million) were redeemed in full. Chart has requested delisting from the NYSE. The company provides engineered equipment for the energy transition and industrial gas industries.

Chart Industries, Inc. confirmed they are in discussions with the European Commission regarding possible commitments to secure clearance for its merger with Baker Hughes Company. The company expects the discussions to result in an extension of the Phase I review period, but maintains that any proposed commitments are not expected to be material to the merger's commercial rationale. The merger is currently expected to close in July 2026. Chart Industries, Inc. is a manufacturer of highly engineered products for the energy and process industries.