Oil and gas equipment supplier Baker Hughes is nearing a $13.6 billion cash deal to buy Chart Industries , edging out rival suitor Flowserve, with a buyout likely to be announced in the coming days, the Financial Times reported on Monday,

Oilfield services provider Baker Hughes has reached a deal to acquire equipment manufacturer Chart Industries in an all-cash deal worth $13.6 billion.

Baker Hughes Co. agreed to buy industrial equipment maker Chart Industries Inc. for about $9.6 billion in cash, expanding the oilfield service giant’s reach into liquefied natural gas, data centers and other technologies.