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

Archive »Recent Articles

Siemens, Sulzer Vie For Dresser-Rand

Financial publications have reported that Siemens and Sulzer are in competition to acquire compressor and turbine manufacturer Dresser-Rand.

Follow-up LNG Order For Siemens

Siemens Energy has received an order from Chengdu Cryogenic Liquidation Equipment Co. Ltd. to provide two compressor trains for a liquefied natural gas (LNG) project.

Gioffredi Named CEO of Zahroof Valves

Anthony (Tony) Gioffredi has joined Zahroof Valves Inc., Houston, as CEO.

Scott Rowe Named Cameron President, COO

Cameron has appointed Scott Rowe to the newly created position of president and chief operating officer effective Oct. 1. He will report to Jack Moore, who remains chairman and CEO.

GE To Power Texas LNG Project

GE will provide electric-motor-driven technology that will enable the Freeport liquefied natural gas (LNG) export project, on the Gulf of Mexico south of Houston, to comply with local air emissions standards.