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Baker Hughes to Acquire Power Generation Division of Brush Group.

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Vincent

MANews-(C)2009-2022

US-based energy technology company Baker Hughes (NASDAQ: BKR) has agreed to acquire the Power Generation division of US-based equipment manufacturer Brush Group from One Equity Partners, the company said.

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.

The addition of Brush will enhance Baker Hughes' core turbomachinery portfolio with electromechanical equipment, including electric generators, synchronous condensers, electric motors, and associated control power management systems.

Already in use across a wide range of industries, Brush's technology complements Baker Hughes' existing e-LNG offering.

Through the acquisition, Baker Hughes also plans to optimize its supply chain by leveraging equipment manufacturer Power Generation's manufacturing base and expanding its scope on customer projects in...

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