Cactus to Acquire 65% Interest in Baker Hughes’ Surface Pressure Control Business for Strategic Expansion
Cactus to Acquire 65% Interest in Baker Hughes’ Surface Pressure Control Business for Strategic Expansion
06/02/25, 7:43 PM
Industry
oil and gas
energy
manufacturing
Type
agreement
Cactus has entered into a definitive agreement to acquire a 65% interest in Baker Hughes' Surface Pressure Control Business, enhancing its operations in international markets. This acquisition positions Cactus as a capital-light manufacturer with a diverse revenue profile, particularly in the Middle East.
Company Info
Additional Info
Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist with the installation, maintenance and handling of the wellhead and pressure control equipment. Cactus operates service centers throughout the United States and Australia, while also providing equipment and services in select international markets.