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Baker Hughes Closes $540 Million Acquisition of Continental Disc
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Baker Hughes Closes $540 Million Acquisition of Continental Disc
Aug 7, 2025 7:29 AM

10:13 AM EDT, 08/07/2025 (MT Newswires) -- Baker Hughes ( BKR ) said Thursday it closed its all-cash acquisition of Continental Disc from investment partnerships managed by Tinicum for $540 million.

The transaction expands Baker Hughes' ( BKR ) presence in the flow control market with the addition of Continental's critical pressure management services, according to a statement.

The deal is anticipated to be immediately accretive to earnings and cash flow per share and Industrial and Energy Technology's segment margins, the company said.

Price: 43.78, Change: +0.35, Percent Change: +0.81

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