Baker Hughes to acquire AccessESP

King & Spalding is advising an affiliate of Baker Hughes Company (Nasdaq: BKR) in its definitive agreement to acquire AccessESP Holdings Limited, a leading provider of advanced technology for artificial lift solutions. Financial terms were not announced. The transaction is expected to close in the fourth quarter of 2022, subject to applicable regulatory approvals.

Baker Hughes is a global energy technology company that provides solutions to energy and industrial customers worldwide.

The transaction is led by King & Spalding’s Erik Belenky, Will Jordan and Andrea Demick.

Baker Hughes’ press release announcing the transaction can be found here.