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

Avoid Seal Contamination With Reliable Gas Supply

SNC-Lavalin Nets US$100 Million Project

FS-Elliott Obtains Four New Distributors

FS-Elliott Co., a manufacturer of oil-free, centrifugal compressors, has new distribution agreements with four companies – Dynamic Compressor Services; CDA Systems; Power Equipment Co.; and Rasmussen Air & Gas Energy.

Plugging The Leaks

Turbulence Control

Edit ModuleShow Tags
Edit ModuleShow Tags

Compressor Technology Sourcing Supplement

Compression Technology Sourcing Supplement

Ratings and specifications for compressors and prime movers, component details, tutorials and an abundance of critical information for anyone working in the gas compression marketplace.
Edit ModuleShow TagsEdit ModuleShow Tags