Mergers: Commission clears acquisition of Baker Hughes by General Electric

On 31 May 2017 the European Commission cleared under the Merger Regulation the acquisition of Baker Hughes Incorporated by General Electric Company, both of the U.S. The Commission concluded that the transaction would not adversely affect competition in the relevant markets.

General Electric is a global manufacturing, technology and services company that is made up of a number of business units, each with its own divisions. GE's oil and gas business provides manufacturing and technology solutions including subsea and drilling, rotating equipment, imaging and sensing.

Baker Hughes is active in the provision of oilfield services on a global scale to oil and gas exploration and production companies, with a focus on the drilling and evaluation of wells as well as on the completion and production of wells.