Edit ModuleShow Tags

GE Acquiring Camerons Recip Division


Published:

Cameron has agreed to sell its reciprocating compression division to GE Oil & Gas for US$550 million and, at press time, was considering the sale of its centrifugal compression business.

The company’s recip business provides reciprocating compression equipment and aftermarket parts and services for oil and gas production, gas processing, gas distribution and independent power industries.

The division, which generated sales of about US$355 million in 2012, has 900 employees and operates from 20 global locations. If U.S. regulatory agencies approve, the acquisition is expected to close during the third quarter.

Read the full story in the March Issue of COMPRESSORtech2!

Updated: GE Finalizes Camerons Recip Purchase

Edit ModuleShow Tags

Archive »Recent Articles

Answer: Promised Land - July 2015

Promised Land - July 2015

Ariel Ships 50,000th Compressor

Ariel Corp. has shipped its 50,000th compressor – the KBB/6. The equipment, however, isn’t leaving the state of Ohio.

GE Reaches Milestone At Dominion’s Cove Point

GE Oil & Gas has shipped two liquefied natural gas (LNG) compressor trains, which are allocated for the development of Dominion’s Cove Point LNG export facility.

GTUIT Receives ISO 9001:2008 Certification

GTUIT, LLC has received ISO 9001:2008 certification for its manufacturing quality management system.