Baker Hughes Inc is to acquire the pressure pumping company BJ Services Co in a transaction valued at US$5.5 billion

Baker Hughes Inc is to acquire the pressure pumping company BJ Services Co in a transaction valued at US$5.5 billion. The acquisition of the pressure pumping business should allow the combined company to more effectively compete for integrated projects and accelerate international growth. “BJ Services broadens our portfolio by adding products, technologies and talented people […]