GE plans to buy Energy and IT infrastructure service provider company Dresser in a deal worth $ 3 billion.
This step enhances the energy provided by General Electric, Dresser and gives $ 40 billion portfolio of technologies for engines and gas control valves and relief, and measurement and management, and monitoring products for the distribution of gas and fuel. Based on the division of GE Energy, GE Energy, in Atlanta, and a plant in Schenectady, New York.
"Technology hairstyle to complement our gas engine list and adds the portfolio offers a complement to GE's IT industry, the flow of $ 45 billion, including IT products in the sector valve engineered for a very," said John Krenicki, president and CEO of GE Energy. "Eighty-five percent of the proceeds hairstyle is one of the customers and energy, it has developed a large base to install the equipment, which is a big reason why is derived 40 percent of its total revenue from services provided by the after-sales, and there is plenty of room to expand in the future."
Addison, Texas-based Dresser and 6300 employees and operates in more than 100 countries. I was born and $ 318 million profit in the $ 2 billion in revenue in 2009.
And increased profits for GE Energy in Part 3 percent to $ 1.91 billion to $ 9.5 billion of revenue in the second quarter.
GE Energy absorption hairdo company in a transaction valued at $ 3B - Albany Business ...
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