GE (NYSE: GE) today announced that it has successfully completed its
acquisition of Cameron’s Reciprocating Compression division for $550
million USD.
The division provides reciprocating compression equipment and
aftermarket parts and services for oil and gas production, gas
processing, gas distribution and independent power industries. Cameron’s
Reciprocating Compression division has approximately 900 employees and
operates from 20 global locations.
Cameron’s Reciprocating Compression division will now become part of
Downstream Technology Solutions within GE Oil & Gas and will allow the
company to better serve clients in the downstream and distributed gas
segments. The business is designed to deliver products, services and
packaged solutions for both the traditional downstream and the evolving
unconventional oil and gas space.
About GE Oil & Gas
GE Oil & Gas works on the things that matter in the oil and gas
industry. In collaboration with our customers, we push the boundaries of
technology to bring energy to the world. From extraction to
transportation to end use, we address today's toughest challenges in
order to fuel the future.
Follow GE Oil & Gas on Twitter @GE_OilandGas.
Copyright Business Wire 2014