EUROPEAN COMMISSION DG Competition

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 03/08/2022

In electronic form on the EUR-Lex website under document number 32022M10747

EUROPEAN COMMISSION

Brussels, 3.8.2022 C(2022) 5750 final

PUBLIC VERSION

Baker Hughes Company 17021 Aldine Westfield Road Houston, Texas 77073 United States

Saudi Arabian Industrial Investments Company JSC (Dussur) King Khaled International Airport Road Riyadh Front, Building N4 P.O. Box 47340 Riyadh 13413-3686 The Kingdom of Saudi Arabia

1 OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology of the TFEU will be used throughout this decision.

2 OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).

3 Publication in the Official Journal of the European Union No C 271, 14.7.2022, p. 16.

Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË

Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.

2.The business activities of the undertakings concerned are the following:

- BHC is the parent entity of an energy technology group of companies with a diverse portfolio of equipement and service capabilities that span the energy and industrial value chain operating in more than 120 countries,

- Dussur is a strategic investment company.

3.The Proposed JV will be active in the specialty chemicals business in the Kingdom of Saudi Arabia.

4.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(a) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.

For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed) Olivier GUERSENT Director-General

4 OJ C 366, 14.12.2013, p. 5.

2