Cactus Completes Previously Announced Acquisition of 65% Controlling Interest in Baker Hughes's Surface Pressure Control Business
HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) ("Cactus†or the "Company†) today announced the completion of the acquisition of a majority interest in Baker Hughes Company's Surface Pressure Control business ("SPC†or "the Business†). Formal financial guidance for the Business will be provided later in the first quarter of 2026. Scott Bender, Chairman and CEO of Cactus, commented, "I am excited to welcome the talented SPC team to the Cactus organization. This transaction is transformational. ...