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Slide #25. Baker Hughes — Perfomix, Inc
Baker Hughes (BHI)
Baker Hughes Incorporated (NYSE: BHI) announced today the acquisition of Perfomix, Inc., a Texas-based oilfield software technology company focused on solutions to enhance oil and gas operations' performance. Perfomix will operate as a wholly-owned subsidiary of Baker Hughes and will be integrated into the company's remote operations services organization.
Baker Hughes is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry. Co.'s oilfield products and services fall into one of two categories, Drilling and Evaluation or Completion and Production. Co.'s Drilling and Evaluation products and services include drilling services. Co.'s Completion and Production products and services include artificial lift. Co.'s oilfield operations are organized into four geographical operating segments: North America; Latin America; Europe/Africa/Russia Caspian; and Middle East/Asia Pacific. Co.'s Industrial Services consists of its downstream chemicals, and process and pipeline services businesses.
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Buy (2.75 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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