GE complete Sondex acquisition

Source: Stock Market Digital

Date :26/10/2007 11:02:56

GE Energy announced today it has completed the acquisition of Sondex Plc to further expand its capability and expertise in oil & gas drilling and wireline technology.

Sondex specialises in the engineering and manufacture of directional drilling and formation evaluation systems and wireline tools for the production of oil and gas.

GE -who provides equipment to enable oilfield service companies –said that the acquisition of the Hampsire-based Sondex will expand the product portfolio and allow customers worldwide to benefit from the combined capabilities, capacity and resources of the two businesses.

"The Sondex people, technology and global relationships are an important addition to GE Energy's portfolio of businesses, complementing our existing exploration and production product line," said Brian Palmer, Vice President of GE Energy's Optimization and Control business.

Adding, "We expect the combination to form a technology growth platform for GE going forward."

October 26 2007

Related Links

GE Energy

Sondex Plc