We are advising Baker Hughes on the transaction

Davis Polk is advising Baker Hughes on the sale of Nexus Controls to GE’s Gas Power business. Financial terms of the transaction have not been disclosed. The transaction, which is subject to customary closing conditions including regulatory approval and mandatory information and consultation processes with employees and their representatives, is expected to close in the second quarter of 2023.

Baker Hughes is an energy technology company that provides solutions to energy and industrial customers worldwide. Nexus Controls is a Baker Hughes business and aftermarket provider of control system upgrades and control field services. GE is a leading global high-tech industrial company, with a wide range of products and services in the power, renewable energy, aviation and healthcare industries.

The Davis Polk corporate team includes partner Michael Davis and associates Michael Senders and Dylan Major. The intellectual property and technology transactions team includes partner Frank J. Azzopardi and associates Mikaela Dealissia and David A. Frey. The tax team includes partner William A. Curran and associate Danielle Rapacciolli. The executive compensation team includes partner Adam Kaminsky. The environmental team includes counsel Michael Comstock. Members of the Davis Polk team are based in the New York and Washington DC offices.