Chart Industries Inc stock (US16115Q3083): Baker Hughes to acquire GTLS in USD 13.6 billion all-cash deal

Baker Hughes has agreed to buy Chart Industries in a USD 13.6 billion all-cash transaction, putting a takeover spotlight on the NYSE-listed clean energy equipment group while its shares continue to trade in the United States.

Baker Hughes has reached an agreement to acquire Chart Industries in an all-cash deal valued at about USD 13.6 billion, placing the specialist in liquefied gas and clean energy equipment firmly in the U.S. takeover spotlight while its New York Stock Exchange listing under the ticker GTLS remains active ahead of closing, according to Reuters on 05/28/2026.

The transaction underscores the strategic relevance of Chart for the United States energy and industrial gas infrastructure, with Baker Hughes seeking to expand its liquefied natural gas and broader clean energy technology offering through the combination, Reuters reported on 05/28/2026.

As of: 05/29/2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Chart Industries Inc
• Sector/industry: Industrial equipment for clean energy and industrial gases
• Headquarters/country: Ball Ground, United States
• Core markets: North America, Europe, Asia-Pacific
• Key revenue drivers: Equipment and systems for liquefied natural gas, hydrogen, and industrial gas applications
• Home exchange/listing venue: New York Stock Exchange (GTLS)
• Trading currency: USD

Chart Industries Inc: core business model

Chart Industries focuses on engineering and building specialized cryogenic and gas-handling equipment that enables the production, storage, and distribution of liquefied natural gas, hydrogen, and industrial gases across global energy and industrial supply chains.

Pending transaction: Baker Hughes offer of USD 13.6 billion per share equivalent, expected close subject to approvals

According to Reuters on 05/28/2026, Baker Hughes announced an agreement to acquire Chart Industries in an all-cash transaction valued at approximately USD 13.6 billion, in a move designed to broaden its portfolio of liquefied natural gas and clean energy technologies.

The deal, which remains subject to customary regulatory approvals and closing conditions as reported by Reuters on 05/28/2026, would combine Baker Hughes' existing energy technology platform with Chart's cryogenic equipment, storage tanks, heat exchangers, and systems for LNG and other low-carbon applications.

Valuation metrics and multiples for Chart Industries Inc

While detailed real-time valuation ratios can fluctuate intra-day on the New York Stock Exchange, Chart Industries has been tracked as an industrial equipment maker whose valuation has typically been discussed against metrics such as earnings-based multiples and enterprise value to EBITDA in the U.S. clean energy and industrial gas equipment peer group, according to data compiled by StockAnalysis as of May 2026.

StockAnalysis data as of May 2026 also indicate that analysts' forward-looking expectations for the GTLS share price continue to be revised in light of the announced Baker Hughes takeover, as the market assesses both the offer terms and the prospects for regulatory approval in the United States and other jurisdictions.

Conclusion

The planned Baker Hughes acquisition of Chart Industries in an all-cash transaction valued at about USD 13.6 billion places the U.S.-listed GTLS stock in the center of a significant strategic move in the energy technology space, according to Reuters on 05/28/2026.

For investors tracking industrial equipment and clean energy infrastructure names, the pending transaction and related valuation considerations for Chart will likely remain a focus until there is further visibility on regulatory approvals and the expected timetable toward closing.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.