Netherlands Oil & Gas Equipment Company HMH Holding Nasdaq IPO to Raise $231 Million at $948 Million Valuation with Expected IPO Listing on 1st April 2026, Founded in 2021 with Merger of Baker Hughes’ Subsea & Surface Drilling Systems Business and Akastor ASA Subsidiary MHWirth, HMH is Owned by Baker Hughes (50%) and Akastor (50%)
28th March 2026 | Hong Kong
Netherlands oil & gas equipment company HMH Holding Nasdaq IPO has raised $231 million at $948 million valuation, with expected IPO listing on 1st April 2026. HMH Holding was founded in 2021, with merger of Baker Hughes’ subsea & surface drilling systems business and Akastor ASA subsidiary MHWirth. HMH is owned by Baker Hughes (50%) and Akastor (50%). HMH – HMH is a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. HMH’s global reach, technical expertise and innovative product offerings, coupled with its integrated operations from manufacturing to aftermarket services, allow HMH to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment it provides. In addition, HMH is growing its portfolio of products and services to adjacent industries, such as mining. The complexity and criticality of HMH’s installed equipment drive customers to choose HMH for their aftermarket support, particularly in the offshore environment, which is subject to extensive regulation. Baker Hughes – Baker Hughes (NASDAQ GS: BKR) is an energy technology company that provides solutions for energy and industrial customers worldwide. Akastor – Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.
“ Netherlands Oil & Gas Equipment Company HMH Holding Nasdaq IPO to Raise $231 Million at $948 Million Valuation with Expected IPO Listing on 1st April 2026, Founded in 2021 with Merger of Baker Hughes’ Subsea & Surface Drilling Systems Business and Akastor ASA Subsidiary MHWirth, HMH is Owned by Baker Hughes (50%) and Akastor (50%) “
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Netherlands Oil & Gas Equipment Company HMH Holding Nasdaq IPO to Raise $231 Million at $948 Million Valuation with Expected IPO Listing on 1st April 2026, Founded in 2021 with Merger of Baker Hughes’ Subsea & Surface Drilling Systems Business and Akastor ASA Subsidiary MHWirth, HMH is Owned by Baker Hughes (50%) and Akastor (50%)
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