Cameron has agreed to acquire LeTourneau Technologies Drillings Systems and Offshore Products divisions from Joy Global Inc. for approximately $375 million in cash.
The internal combustion engine (ICE) fueled by natural gas has moved in the direction of efficiency and environmental friendliness with lean-burn technology. Cameron’s AJAX®LE uses a CleanBurn™ prechamber type of combustion system that allows for operation with very stable combustion at lean air fuel mixtures.
On June 5, 1964, from salesman Ernest Hotze’s desire to provide his customers with needed parts for a compressor on a gas pipeline, Compressor Engineering Corporation (CECO) was formed. From its early days in Hotze’s garage, CECO has grown into a family of companies, with locations across Texas and the South, becoming a leader in providing products and services to gas pipelines, gathering and processing companies, petrochemical, industrial and refrigeration plants worldwide.