Oilfield services firm Baker Hughes said on Tuesday it would buy Chart Industries in a $13.6 billion all-cash deal, including debt, topping a previously-agreed merger offer that Chart struck with rival Flowserve last month.

Oilfield services company Baker Hughes acquisition of Chart Industries should finalize next year. The company declined to comment on potential impacts for either firms' Houston employees.

Baker Hughes Company (NASDAQ:BKR) is one of the stocks Jim Cramer recently talked about. Cramer discussed the company’s recent acquisition of Chart Industries, as he commented: “We might as well have a booming natural gas industry,