Cactus, Inc. (NYSE: WHD) completed the acquisition of a majority interest in Baker Hughes Company's Surface Pressure Control business.
Formal financial guidance for the Business will be provided later in the first quarter of 2026.
The acquisition is seen as transformational for Cactus, diversifying its geographic footprint and opening access to new growth markets.
Transformational Acquisition
Diversifies Cactus's geographic footprint and provides access to new growth markets.
Long-Term Value for Shareholders
Focus on safety, customer execution, margins, and returns to deliver value.
Talented Team Integration
Excited to welcome the talented SPC team to the Cactus organization.
- The acquisition of a controlling interest in Baker Hughes's Surface Pressure Control business diversifies Cactus's offerings and expands its market presence.
- Cactus aims to leverage its focus on safety, customer execution, margins, and returns to drive long-term value for its shareholders.
The acquisition marks a significant milestone for Cactus, positioning the company for growth and value creation in the oil and gas industry.