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Baker Hughes Completes Acquisition of Continental Disc Corporation
Globenewswireยท 2025-08-07 11:00
Core Viewpoint - Baker Hughes has completed a $540 million all-cash acquisition of Continental Disc Corporation, enhancing its product offerings in the flow control market [1][2]. Group 1: Acquisition Details - The acquisition of Continental Disc Corporation (CDC) was finalized for $540 million in cash [1]. - CDC's critical pressure management solutions will complement Baker Hughes' existing valves product line [2]. Group 2: Financial Impact - The acquisition is expected to be immediately accretive to earnings and cash flow per share [2]. - It is anticipated to positively impact the segment margins of Industrial & Energy Technology [2].