GE Energy submits offer for Sondex

Offshore staff

LONDONThe Board of Sondex Plc has received an acquisition offer from GE Energy, says Martin Perry, Sondex CEO.

GE's cash offer is £289 million ($582 million). If approved, Sondex team would remain in place and be part of a new unit in the Optimization and Control business of GE Energy.

Sondex designs, manufactures, and sells downhole equipment for optimizing the production of hydrocarbons from mature oil and gas fields.

9/4/2007