November 2010 Vol. 237 No. 11

In The News

GE Continues Expansion With Acquisition Of Dresser

GE announced on Oct. 6 the purchase of Dresser, Inc. for $3 billion. The addition of Dresser’s portfolio, which includes technologies for gas engines, control and relief valves, measurement, regulation and control solutions for gas and fuel distribution, will extend GE’s reach into adjacent offerings for its energy and industrial customers worldwide. John Krenicki, vice chairman of GE and president/CEO of GE Energy, said: “Dresser’s technology complements our existing gas engine portfolio and adds offerings complementary to those of GE in the $45 billion flow technology industry, including product offerings in the highly engineered valve segment. About 8

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