Dear Supplier
As you may be aware, Baker Hughes and General Electric have entered into an agreement to combine Baker Hughes with GE’s Oil & Gas business to create a new, publicly traded company.
The new company, called “Baker Hughes, a GE Company,” will create a world-leading full stream digital industrial services company with operations in more than 120 countries.
It’s important to note, both Baker Hughes and GE Oil and Gas will continue to operate business as usual until close. The transaction is expected to be completed by mid-2017.
Baker Hughes is committed to delivering leading technology for efficient well construction, optimized production and increased ultimate recovery. We will continue to provide quality products and services to help improve the efficiency and profitability of our customer operations. We don’t foresee any changes to the projects and delivery commitments we have with our customers and we remain committed to frequent communications.
If you have any questions, please do not hesitate to reach out to your sourcing or procurement partner.
Thank you for your continued support.
David Fischer
Vice President, Global Supply Chain