March 2011, Vol. 238 No. 3

In The News

GE Completes $3 Billion Acquisition of Dresser, Inc.

GE closed its $3 billion acquisition of Dresser, Inc. on Feb. 1. The move significantly expands GE’s offerings for energy and industrial customers worldwide and marks the latest in a series of acquisitions over the last 10 years that have transformed GE’s global energy portfolio.

Dresser, based in Addison, TX, has 6,300 employees worldwide and delivers compression, flow technology, measurement and distribution infrastructure and services to customers in more than 150 countries. The Dresser businesses will be integrated into GE’s Energy Services and Power & Water business units. Dresser has a global franchise with 60% of its revenues outside of North America.