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Chart Industries
Flowserve President and CEO Scott Rowe (left) and Jill Evanko, president and CEO of Chart Industries [Photos: Flowserve/Chart]
Flowserve’s Merger with Chart Industries Is Off, Edged by Baker Hughes’ $13.6B Offer
by David Seeley | Jul 29, 2025
Irving-based Flowserve's all-stock "merger of equals" with Atlanta-based Chart has been usurped by a better offer, after Houston- and London-based Baker Hughes swooped in with $13.6 billion in cash. But Flowserve won't walk away empty-handed—it's getting a $266 million "termination payment."
by Lance Murray |
Jun 4, 2025
The merger of the two NYSE-traded companies brings together Flowserve’s leading capabilities in flow management with Chart’s leading expertise in process technologies across compression, thermal, cryogenic and specialty solutions.
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by Lance Murray |
Oct 31, 2022
The two companies will partner on liquid hydrogen fueling pumps for more than 100 systems planned to be put into operation in California, Australia, and South Korea over the next five years. The pumps will be used in Chart's liquid hydrogen fuel station equipment for fuel cell vehicles.
Flowserve CEO R. Scott Rowe says the partnership will "support the development and commercialization of hydrogen as an energy source to build a better, brighter world for everyone."
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![Erica Kosemund, Chief Brand Officer, Choctaw Nation of Oklahoma; Gillian Breidenbach, Chief Partnership Officer, North Texas FWC Organizing Committee; Chief Gary Batton, Chief of Choctaw Nation of Oklahoma; Monica Paul, Executive Director of Dallas Sports Commission and President of North Texas FWC Organizing Committee; John Hobbs, Senior Executive Officer of Communications, Choctaw Nation of Oklahoma; and Heidi Grant, Senior Executive Officer of Commerce Administration, Choctaw Nation of Oklahoma, celebrate Choctaw Casinos & Resorts becoming an Official Dallas World Cup 2026 Host City Supporter. [Photo: North Texas FWC Organizing Committee/Choctaw Casinos & Resorts]](https://s24806.pcdn.co/wp-content/uploads/2025/12/FIFA-Choctaw-dec-2025.jpg)
