Cactus Forms JV With Baker Hughes, Boosts International Presence

Key Takeaways Cactus is acquiring 65% of Baker Hughes' Surface Pressure Control Business for $344.5 million. The SPC deal boosts Cactus' presence in the Middle East, where 85$600M order backlog, aiding WHD's revenue growth and cash flow across global markets.Cactus Inc. (WHD) recently entered into an agreement with Baker Hughes Company (BKR) to acquire 65% of the Baker Hughes Surface Pressure Control Business. Cactus’ subsidiary, Cactus Companies, LLC, signe ...