Baker Hughes has reached a definitive agreement to acquire the total share capital of a specialized asset integrity organization from a publicly-traded industrial services group. This strategic transaction represents a significant expansion of the acquirer's Digital Solutions segment, specifically enhancing its "Process & Pipeline Services" product line. The strategic rationale for the move centers on the acquirer's objective to broaden its technical operational depth in specialty inspection markets, targeting infrastructure segments that were historically unreachable by standard diagnostic tools. By incorporating these technical specialists, the organization reinforces its ability to serve mission-critical petrochemical and refining clients with advanced furnace tube and jet fuel line diagnostics. The partnership is designed to leverage the acquirer's massive global footprint and digital reality infrastructure to scale the target's proprietary robotic inspection technologies. This integration facilitates the development of a uniquely integrated asset management platform, providing the strategic depth required to navigate the increasing complexity of global industrial infrastructure maintenance. The move follows a disciplined strategy of inorganic growth in the non-destructive testing and robotics space to support the broader energy transition.

The transaction values QUEST INTEGRITY at an EV/Revenue multiple of LOGIN.

This transaction is part of the Business Services industry, which currently tracks an average EBITDA multiple of 11.3x since the beginning of 2026, a stable level compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.