Cactus Inc. and Baker Hughes have signed a deal to create a joint venture consisting of the latter's surface pressure control business. Cactus will have operational control with a 65 percent stake.

Cactus to become majority owner and operator of Baker Hughes’ surface pressure control product line, with Baker Hughes retaining 35% stake Joint venture combines complementary portfolios to lead ...

Cactus Inc. WHD recently entered into an agreement with Baker Hughes Company BKR to acquire 65% of the Baker Hughes Surface Pressure Control Business. Cactus’ subsidiary, Cactus Companies, LLC, signed ...

Cactus (WHD) announced that its subsidiary Cactus Companies has entered into a definitive agreement with certain subsidiaries of Baker Hughes Company (BKR) to acquire 65% and assume operational ...

Cactus Inc. will acquire 65% of Baker Hughes' Surface Pressure Control business, valued at $344.5M. The joint venture aims to expand global oilfield equipment footprint.

Potential Positives. Cactus will become the majority owner (65%) and operator of Baker Hughes’ surface pressure control product line, enhancing its market position.

Baker Hughes said on Monday it will sell its precision sensors and instrumentation (PSI) product line to aerospace and defense parts manufacturer Crane for $1.15 billion, as the oilfield services ...

HOUSTON - Baker Hughes (NASDAQ: BKR), the $36.7 billion energy technology company with annual revenues of $27.8 billion, has entered into an agreement to create a joint venture with a subsidiary ...

Baker Hughes and a subsidiary of Cactus agreed to form a new joint venture for surface pressure control services. ... Cactus will own 65% of the JV, while Baker will retain a 35% stake.

Cactus (NYSE:WHD) said Monday it agreed to acquire 65% and assume operational control of Baker Hughes' (NASDAQ:BKR) surface pressure control business for $344.5M. The companies said they will form ...