GE Gas Power to Acquire Nexus Controls from Baker Hughes

GE announced that its Gas Power business intends to acquire Nexus Controls, a Baker Hughes business specializing in aftermarket control system upgrades and field services for controls, to create a single, full-service controls business within GE. Following the deal closure, the proposed integrated business would develop the future of GE’s proprietary Mark Vle controls systems platform for customers, design retrofit and modernization offerings, and streamline and help to improve the delivery and service of controls in the power generation space. The financial terms of the acquisition are not being disclosed. The planned acquisition of Nexus Controls will combine controls talent from both companies into a single organization. Nexus Controls’ aftermarket control system upgrade capability and field services for controls complements the existing Gas Power Mark Vle systems, application software design capability, and new unit fulfillment focus. GE will continue to provide Baker Hughes with GE’s Mark VIe controls products, as Baker Hughes is the exclusive distributor and service provider of these GE products for the controls needs of Baker Hughes’ Oil & Gas fleet. GE Gas Power and Nexus Controls will continue to operate independently until the deal closure. GE’s plan is to continue developing its Mark VIe controls product line as well as other related products, and lead the sales, project execution, manufacturing, and servicing of control systems globally for Gas Power. With the proposed integration of Nexus Controls, customers would benefit from additional controls consistency and efficiency across both new and serviced units, as well as a single lifecycle strategy for development and support of their unit or fleet’s controls strategy.