Baker Hughes to acquire Brush Group Power Generation division
09 August 2022
Acquisition will enhance Baker Hughes’ core turbomachinery portfolio with electromechanical equipment
Energy technology company Baker Hughes has agreed to acquire the Power Generation division of Brush Group, which specializes in electric power generation and management for the industrial and energy sectors, from One Equity Partners. The addition of the Power Generation division and its products will enhance Baker Hughes’ core turbomachinery portfolio with electromechanical equipment, the company stated, including electric generators, synchronous condensers, electric motors and associated control power management systems, and complement its existing e-LNG offering. Baker Hughes also plans to optimize its supply chain by leveraging Brush Power Generation’s manufacturing base and expanding its scope on customer projects in the industrial and energy sectors.
“The need for electrification in the hard-to-abate and natural gas sectors plays an increasingly critical role in accelerating the path to net-zero. Through this acquisition, we will expand our core electrification capabilities and scope, further enhance our supply chain and reach new industrial customers who can benefit from our broader turbomachinery and climate technology solutions offerings,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes.
Brush serves commercial and industrial customers, including manufacturers, as well as energy producers such as utility-scale power generators and upstream oil and gas producers. It currently operates in four facilities in the UK, Czech Republic and The Netherlands, with aftermarket capabilities through service centers in the UK and the United States.
The acquisition is expected to close in Q4 2022 upon receipt of required customary regulatory approvals.