Baker Hughes’ Subsea Drilling Systems and Akastor’s MHWirth Complete Merger to Form HMH
HMH combines integrated delivery capabilities, capital, renowned industry expertise and delivers the full range of offshore drilling equipment products and packages at scale. HMH aims to support the industry’s transition toward more energy-efficient solutions, as well as deploying technologies and service solutions to make the sector more competitive through increased drilling efficiency. Moreover, the Company’s service and technology portfolio will be utilized as a springboard for future growth, both within drilling services and when pursuing opportunities towards adjacent industries such as renewables and mining.
“This is a very exciting transaction for the industry, our customers, shareholders and employees. We are combining two of the best-known equipment manufactures in our industry to create HMH, building on a best-in-class portfolio and unparalleled full-service approach,” commented Merrill A. “Pete” Miller, the Chairman and CEO of HMH.
The Company is headquartered in
For more information on HMH, visit our website at hmhw.com.
About Baker Hughes
Akastor is a
For more information, please contact:
HMH Media Relations
Baker Hughes Investor Relations
Akastor Investor Relations
Chief Financial Officer
+47 917 59 705
Source: Baker Hughes