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2014-09-03 17:35:00

BAKER HUGHES BOUGHT WEATHERFORD

BAKER HUGHES BOUGHT WEATHERFORD

Baker Hughes Incorporated (NYSE: BHI) and Weatherford International plc (NYSE: WFT) announced that they have closed the previously announced purchase and sale of Weatherford's pipeline and specialty services business.

The acquisition provides Baker Hughes with an expanded range of pre-commissioning, deepwater and in-line inspection services worldwide. The addition of over 700 process and pipeline specialists to Baker Hughes' Process and Pipeline Services further enhances the company's ability to provide innovative solutions for oil and gas asset owners and operators, upstream, midstream and downstream.

"This…

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Tags: BAKER, HUGHES, WEATHERFORD
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