Baker Hughes, Akastor Reach Deal To Create Joint Venture Company

(RTTNews) - Baker Hughes (BKR) and Akastor ASA said that they have reached a deal to create a joint venture company that will bring together Baker Hughes' Subsea Drilling Systems business with Akastor's wholly owned subsidiary, MHWirth AS. The company will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad portfolio of products and services.