Akastor ASA and Baker Hughes complete merger between MHWirth and SDS
Reference is made to the joint press announcement dated 2 March 2021 from Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST). The parties have today completed the transaction that combines the operations of Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth AS (MHWirth) in line with the terms and conditions described in the earlier announcement. The company, which is owned 50/50 by Baker Hughes and Akastor, will be named HMH. The operations and services of SDS and MHWirth will continue to be offered under the current branding during an