Baker Hughes has successfully completed the acquisition of OVS Group.
OVS Group’s offering closely aligns with Baker Hughes’s digital portfolio, specifically in proactive field management to deliver efficient operations, optimized performance, and reduced emissions for customers. This acquisition also reinforces Baker Hughes’s digital transformation strategy to deliver these capabilities today while innovating for the future, further supporting its position as the energy technology leader.
“The addition of OVS Group strengthens Baker Hughes’s ability to meet the world’s energy demands for decades to come by expanding and reinforcing our digital and remote technology portfolio, particularly in the production space,” said James P. Brady, Chief Digital Officer, Oilfield Services and Equipment at Baker Hughes. “We value OVS Group’s dedication to optimizing assets through field level connectivity and workflow automation and are looking forward to extending those solutions to our customers.”
“We’re very excited about this acquisition,” added Sebastiano Barbarino, Chief Executive Officer for OVS Group. “Together with Baker Hughes, we will generate significant customer value, providing world-class workflow automation and digital integration in the production space.”
About Baker Hughes
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.