Cactus 将成为贝克休斯地面压力控制产品线的大股东和运营商，贝克休斯保留 35% 的股份
合资企业结合互补产品组合，引领技术创新
与贝克休斯优化产品组合的持续战略相一致

能源技术公司贝克休斯周一宣布，将与 Cactus, Inc. 的一家子公司组建一家新的合资企业，贝克休斯将向该合资企业提供其地面压力控制 (SPC) 产品线。Cactus 是一家全球性的石油和天然气钻井、完井和生产压力控制设备制造商和服务提供商，它将拥有合资企业 65% 的股份，并取得运营控制权，而贝克休斯将保留 35% 的股份。

合资企业将独立于 Cactus 现有的压力控制业务运营，并将专注于保持其在国际地面井口和生产树系统市场的领导地位。

此次有针对性的投资组合优化与贝克休斯致力于提高盈利和现金流持久性的理念相一致，将使公司能够将资本重新配置至更高回报的机会，同时保持战略性和严谨的资本部署方式。

“此次交易标志着我们正在进行的投资组合优化战略迈出了重要一步，使我们能够更加专注于核心增长领域，同时继续推动更高的回报，从而加强我们为股东创造长期价值的承诺，”贝克休斯董事长兼首席执行官Lorenzo Simonelli表示。“我们将继续致力于服务我们尊贵的SPC合作伙伴和客户，我们一直很自豪地支持他们的运营，我们相信，这家合资企业只会增强井控领域的创新和可靠性，因为合并后的业务将利用Cactus在国际市场上的非传统专业知识和敏捷性。”

交易的完成需满足包括监管部门批准在内的惯例条件，预计将于 2025 年下半年完成。

Cactus to become majority owner and operator of Baker Hughes’ surface pressure control product line, with Baker Hughes retaining 35% stake
Joint venture combines complementary portfolios to lead technological innovation
Aligns with Baker Hughes’ ongoing strategy to optimize its portfolio

Baker Hughes, an energy technology company, announced Monday an agreement to form a new joint venture with a subsidiary of Cactus, Inc., 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.

The joint venture will operate independently from Cactus’ existing Pressure Control business and will focus on maintaining its leadership position in the international market for surface wellhead and production tree systems.

This targeted portfolio refinement is aligned with Baker Hughes’ focus on enhancing the durability of earnings and cash flow and will enable the company to reallocate capital toward higher-return opportunities, all while maintaining a strategic and disciplined approach to capital deployment.

“This transaction marks an important step in our ongoing portfolio optimization strategy, enabling us to sharpen our focus on core growth areas while continuing to drive higher returns, reinforcing our commitment to long-term value for our shareholders,” said Baker Hughes Chairman and CEO Lorenzo Simonelli. “We remain committed to our valued SPC partners and customers whose operations we have proudly supported, and we believe this joint venture only enhances delivery of innovation and reliability in well control as the combined business will leverage Cactus’ unconventional expertise and agility into international markets.”

The closing of the transaction is subject to customary conditions, including regulatory approvals, and is expected to close in the second half of 2025.