M&A Deal Summary

GE Oil & Gas Acquires Cameron International - Reciprocating Compression Division

On January 20, 2014, GE Oil & Gas acquired energy services and equipment company Cameron International - Reciprocating Compression Division from Cameron International for 550M USD

Acquisition Highlights
  • This is GE Oil & Gas’ 2nd transaction in the Energy Services and Equipment sector.
  • This is GE Oil & Gas’ 2nd largest (disclosed) transaction.
  • This is GE Oil & Gas’ 2nd transaction in the United States.
  • This is GE Oil & Gas’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-01-20
Target Cameron International - Reciprocating Compression Division
Sector Energy Services and Equipment
Buyer(s) GE Oil & Gas
Sellers(s) Cameron International
Deal Type Divestiture
Deal Value 550M USD

Target

Cameron International - Reciprocating Compression Division

Houston, Texas, United States
Cameron’s Compression Business provides a suite of higher horsepower, high-speed reciprocating compressors for oil and gas production, processing and distribution.

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Buyer(S) 1

Buyer

GE Oil & Gas

Houston, Texas, United States

website

Category Company
Sector Energy Services and Equipment
DESCRIPTION
Entrance to GE Oil & Gas' corporate headquarters in Houston, Texas.
Entrance to GE Oil & Gas' corporate headquarters in Houston, Texas.

GE Oil and Gas specializes in turbomachinery technology, which is used in mechanical-drive, compression and power-generation applications in the hydrocarbons industry. GE Oil & Gas serves customers all over the world. GE Oil & Gas is based in Houston, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Energy Services and Equipment) 2 of 3
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-13 Allen Gears

Pershore, United Kingdom

Allen Gears manufacturers and services gears for the power generation, oil and gas, hydroelectric, marine and nuclear energy sectors. It specializes in production of epicyclic gears, which are used in industrial and marine applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Advantec AS

Stord, Norway

Advantec is a supplier of electro-hydraulic Installation & Workover Control Systems (IWOCS) and associated life-of-field service for the global subsea industry, and offers a solution to an industry which seeks smarter methods to reduce the cost of subsea field development.

Buy -

Seller(S) 1

SELLER

Cameron International

Houston, Texas, United States

website

Category Company
Founded 1833
Sector Energy Services and Equipment
Employees28,000
Revenue 10.4B USD (2014)
DESCRIPTION
Cameron International office in Houston, Texas.
Cameron International office in Houston, Texas.

Cameron International Corp. is a provider of flow equipment products, systems and services to the global oil and gas sector. Cameron International was formed in 1833 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-09 Douglas Chero

Piacenza, Italy

Douglas, based in Carpaneto Piacentino, Italy, is a leading global designer, engineer and manufacturer of forged steel valves and piping equipment.

Buy -
Mergr

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