Cactus Completes Previously Announced Acquisition of 65% Controlling Interest in Baker Hughes’s Surface Pressure Control Business

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Key Terms

surface pressure control technical

Surface pressure control is the monitoring and management of pressure at the visible parts of an oil, gas, or industrial well system—like the wellhead, valves and pipes—to keep fluids and gases contained and flowing safely. For investors it matters because poor control can cause production shutdowns, costly repairs, fines, or safety incidents, while reliable control supports steady output, lower operating costs, and regulatory compliance. Think of it like keeping the correct tire pressure so a vehicle runs safely and efficiently.

01/02/2026 - 07:00 AM

HOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced the completion of the acquisition of a majority interest in Baker Hughes Company’s Surface Pressure Control business (“SPC” or “the Business”). Formal financial guidance for the Business will be provided later in the first quarter of 2026.

Scott Bender, Chairman and CEO of Cactus, commented, “I am excited to welcome the talented SPC team to the Cactus organization. This transaction is transformational for Cactus as it diversifies our geographic footprint and provides us with access to new growth markets. We look forward to operating the Business with our long-standing focus on safety, customer execution, margins, and returns, which will deliver long-term value to shareholders.”

About Cactus, Inc.

Cactus designs, manufactures, sells or rents a range of highly engineered pressure control and spoolable pipe technologies. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for its products and rental items to assist with the installation, maintenance and handling of the equipment. Cactus operates service centers throughout North America and Australia, while also providing equipment and services in select international markets.