Core Viewpoint - Baker Hughes and Kaktus have officially completed the formation of a joint venture that will integrate and operate Baker Hughes' surface pressure control product line [1] Group 1: Joint Venture Details - Kaktus holds a 65% stake in the joint venture, while Baker Hughes retains a 35% stake [1] - Baker Hughes contributed relevant business assets and received approximately $344.5 million in cash upon completion of the transaction [1] Group 2: Strategic Implications - The collaboration aims to combine Baker Hughes' product portfolio in pressure control with Kaktus' manufacturing and service expertise in drilling and production equipment, enhancing capital efficiency and market competitiveness [1] - This transaction aligns with Baker Hughes' strategy to optimize its asset portfolio, with the funds obtained enhancing the company's financial flexibility [1] Group 3: Industry Trends - Kaktus, as the controlling party, will operate the joint venture, marking a deeper strategic positioning in pressure control technology [1] - The establishment of this joint venture reflects a trend in the energy technology sector where suppliers enhance competitiveness through structural collaborations to better meet the global oil and gas industry's demand for efficient and reliable surface equipment [1]
贝克休斯与卡克特斯组建合资企业