Baker Hughes has offered remedies to the European Commission in a bid to secure antitrust approval for its $13.6 billion acquisition of Chart Industries, according to a regulatory filing released on Monday.
The European Union’s competition watchdog, which is reviewing the transaction, has set July 10 as the deadline to decide whether to accept the proposed commitments or escalate its scrutiny of the deal.
While the Commission did not disclose details of the remedies, it is expected to seek feedback from customers and competitors before determining whether the measures adequately address competition concerns.
If regulators remain unconvinced, the deal could face a more extensive four-month investigation under EU merger rules.
Baker Hughes announced the acquisition in July last year as part of its strategy to strengthen its position in industrial technology markets, including liquefied natural gas (LNG) and data centre infrastructure.
The company aims to combine its energy and industrial technology portfolio with Chart Industries’ expertise in gas and liquid molecule handling equipment.
Chart Industries manufactures products such as valves, measurement systems and other industrial equipment used across energy and industrial sectors.
The company operates 65 manufacturing facilities and more than 50 service centres worldwide, giving it a significant global footprint.
The proposed acquisition is intended to expand Baker Hughes’ technological capabilities and enhance its reach in fast-growing industrial and energy markets.
The European Commission’s decision next month will determine whether the transaction can proceed under the proposed conditions or face deeper regulatory review.