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Baker Hughes Signs Agreement to Acquire ARMS Reliability to Strengthen Asset Performance Management Portfolio Submitted by Anonymous on Thu, 2021-02-18 00:00
18th February 2021
Baker Hughes has announced it is acquiring ARMS Reliability, a leading global provider of reliability solutions to some of the world’s largest industrial companies across a wide range of industries including mining, oil and gas, power, manufacturing, and utilities.
The acquisition deepens Baker Hughes’ industrial asset performance management (APM) capabilities and will expand the company’s industrial asset management offerings.
Baker Hughes Signs Agreement To Acquire ARMS Reliability To Strengthen Asset Performance Management Portfolio oilandgasonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgasonline.com Daily Mail and Mail on Sunday newspapers.
Baker Hughes has signed an agreement to acquire ARMS Reliability.
Baker Hughes (NYSE: BKR) has signed an agreement to acquire ARMS Reliability, an industrial asset management provider whose reach extends into the mining, power, manufacturing, oil and gas, and utilities sectors.
The acquisition – slated to close in the second quarter of this year – will bolster Baker Hughes’ industrial asset performance management (APM) capabilities, the company noted in a written statement emailed to Rigzone.
“The acquisition of ARMS Reliability emphasizes Baker Hughes’ commitment to empower the digital transformation of our customers’ industrial assets and strategically invest for growth in industrial asset management,” commented Rami Qasem, executive vice president of Baker Hughes’ Digital Solutions segment. “This is another exciting step forward as we look to be the partner of choice and offer our customers a complete set of services across the entire industrial asset lifecycl
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