Cactus Completes Previously Announced Acquisition of 65% Controlling Interest in Baker Hughes's Surface Pressure Control Business

Core Viewpoint - Cactus, Inc. has completed the acquisition of a majority interest in Baker Hughes Company's Surface Pressure Control business, marking a transformational step for the company [1] Group 1: Acquisition Details - The acquisition involves a majority interest in Baker Hughes Company's Surface Pressure Control business [1] - Formal financial guidance for the acquired business will be provided later in the first quarter of 2026 [1] Group 2: Leadership Commentary - Scott Bender, Chairman and CEO of Cactus, expressed excitement about welcoming the SPC team to the Cactus organization [1] - The transaction is described as transformational for the company [1]