GE, Cameron Finalize Acquisition
Purchase of Cameron’s Reciprocating Compression division
GE has successfully completed its acquisition of Cameron’s Reciprocating Compression division for US$550 million.
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 company said. The business is designed to deliver products, services and packaged solutions for both the traditional downstream and the evolving unconventional oil and gas space, GE said.