- Baker Hughes announced three strategic transactions in Q2, including a joint venture with Cactus, a sale of Precision Sensors & Instrumentation for approximately $1.15 billion, and an acquisition of Continental Disc Corporation for about $540 million.
- These transactions aim to enhance the company's earnings durability, cash flow, and long-term shareholder value by focusing on higher-growth, higher-margin opportunities.
- The company has generated over $2.5 billion in cash from strategic divestitures since 2017 and continues to reinvest in industrial and energy technology sectors.
- The portfolio reshaping involves exiting non-core assets and deploying capital into businesses with recurring revenue potential and long-term growth prospects.
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