GE acquires Wellstream

GE has completed acquisition of Wellstream Holdings Plc

Offshore Staff

LONDON and RIO DE JANEIRO – GE has completed acquisition of Wellstream Holdings Plc. The acquisition extends GE Oil & Gas’ subsea manufacturing and services portfolio.

Wellstream engineers and manufactures flexible risers and flowlines from facilities in Newcastle, UK, and Niteroi, Brazil. The acquisition is valued at $1.3 billion.

03/09/11

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