Oilfield services stalwart Baker Hughes has added to its asset performance management stable with the purchase of multi-industry company ARMS Reliability.
The deal, for which no value was disclosed, is expected to close in the second quarter this year, with the acquired company to be integrated into Baker Hughes’ Bently Nevada business, which is involved in condition monitoring and asset protection.
Apart from oil and gas, ARMS is involved in the mining, chemicals, power and water utilities, transport, manufacturing, aviation and other industries.
Baker Hughes said ARMS has a strong presence in the US and Australia,
Asset performance management solutions, Baker Hughes said, “ leverage data capture, integration, visualisation, and analytics to improve the reliability and availability of physical asset”.
“The acquisition of ARMS Reliability emphasises Baker Hughes’ commitment to empower the digital transformation of our customers’ industrial assets and strategically invest for growth in industrial asset management,” said Rami Qasem, vice president of digital solutions at Baker Hughes.
“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 lifecycle.”