Public IPO HMH is now a public company with a $210M IPO in January 2026, signaling access to public markets, potential for standardized procurement, and increased investor confidence that can drive financing for fleet upgrades and technology investments.

Strategic Ownership Baker Hughes and Akastor hold equal stakes in HMH, indicating strong backing from two industrial giants. This presents coordinated cross-sell opportunities across Baker Hughes’ and Akastor’s existing oilfield equipment and services portfolios.

Global Footprint As a global offshore drilling equipment provider with operations spanning five continents and offices in multiple countries, there is potential to upsell standardized digital solutions, training, and aftermarket services to a broad international customer base.

Revenue Scale Current revenue range ($250M–$500M) suggests mid-market to large-scale project opportunities where integrated solutions—such as digital workflows, asset management, and predictive maintenance—could improve project economics and uptime.

Talent Mobility Recent leadership changes and supplier/Project Manager transitions point to a dynamic procurement and project management function, creating entry points for supplier relationship management solutions, procurement optimization, and collaboration platforms.