(World Oil) – Baker Hughes has completed its acquisition of Chart Industries, expanding its portfolio of industrial energy technologies and establishing Chart as the company’s third operating segment.The acquisition adds Chart’s capabilities in thermal management, air and gas handling, and lifecycle services, broadening Baker Hughes’ presence across markets including LNG, gas infrastructure, carbon capture and storage, nuclear, geothermal and data centers.Chart generated $4.3 billion in revenue during fiscal year 2025 and serves customers in more than 50 countries.Baker Hughes said the new Chart segment reflects the strategic importance of the business while allowing it to maintain its commercial and operational focus as integration moves forward.“Chart’s thermal management solutions bring complementary capabilities and aftermarket service offerings that accelerate our portfolio strategy,” said Lorenzo Simonelli, Baker Hughes chairman and chief executive officer. “Together, we will expand the solutions we deliver across a broader range of energy and industrial markets.”The company expects to achieve approximately $325 million in annualized cost synergies within three years through supply chain optimization, manufacturing efficiencies and operational integration, with additional upside from commercial opportunities.Jim Apostolides, Baker Hughes’ chief infrastructure and performance officer, has been appointed senior vice president to lead the new Chart segment and oversee integration activities.According to Baker Hughes, integration efforts will focus on aligning product and technology platforms, engineering capabilities, commercial operations and lifecycle services across the combined organization.The acquisition marks another step in Baker Hughes’ strategy to expand its industrial energy portfolio while strengthening recurring aftermarket and service offerings.