GE to acquire Vetco Gray
FLORENCE, Italy --GE annouced an agreement to acquire Vetco Gray for $1.9 billion from Candover, 3i, and JP Morgan Partners.
"The combination of GE's recognized technical expertise and financial resources and Vetco Gray's industry know-how and domain knowledge will allow the business and its employees to continue to prosper as it meets our customers' most difficult challenges," said Peter Goode, CEO of Vetco International.
Candover, 3i & JP Morgan Partners will continue to own Vetco Aibel.
01/08/2007