Baker hughes, cactus create joint venture for surface pressure control services

Houston and london, june 02, 2025 (globe newswire) -- baker hughes (nasdaq: bkr), an energy technology company, announced monday an agreement to form a new joint venture with a subsidiary of cactus, inc. (nyse: whd, “cactus”), in which baker hughes will contribute its surface pressure control (spc) product line. cactus, a global manufacturer and service provider of pressure control equipment for oil and gas drilling, completion and production, will assume operational control, owning 65% of the joint venture, while baker hughes will retain a 35% stake.
BKR Ratings Summary
BKR Quant Ranking