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GE Completes Acquisition of Norway-Based Naxys - GE announced it has completed its acquisition of Naxys, a Norway-based supplier of leak detection and condition monitoring sensors for the subsea sector (NYSE: GE) - GE-MCS.com
GE Completes Acquisition of Norway-Based Naxys

 

NewswireToday - /newswire/ - Boston, MA, United States, 2012/09/12 - GE announced it has completed its acquisition of Naxys, a Norway-based supplier of leak detection and condition monitoring sensors for the subsea sector (NYSE: GE) - GE-MCS.com. NYSE: GE

   
 
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• Company Supplies Sensors for Subsea Applications;
• Deal Expands GE’s Technology Portfolio for the Subsea Sector;
• GE Has Growing Presence in Norway and the North Sea Region.

The acquisition further expands GE’s portfolio of monitoring and sensing solutions and will be part of the company’s Measurement & Control business.

Headquartered in Bergen, Norway, Naxys employs 31 people. “In addition to increasing our subsea portfolio, the acquisition further builds our presence in Norway and the North Sea region,” said Brian Palmer, president and CEO of GE Measurement & Control and vice president of GE Energy. “Naxys, which shares our commitment to innovation, has developed world-class sensor expertise and technology for subsea applications.”

Naxys develops and supplies leak detection and condition monitoring sensors based on proprietary, passive acoustic hydrophone technology. The design of the sensing element enables extremely sensitive and accurate measurement of subsea acoustics. Naxys’ products allow operators to monitor the integrity of their subsea installations.

Measurement & Control (ge-mcs.com) is a leading innovator in advanced, sensor-based measurement, non-destructive testing, inspection and condition monitoring and flow and process control solutions. Providing industrial healthcare for customers' most critical assets, the business delivers accuracy, productivity and safety to a wide range of industries including power generation, aerospace, metals and transportation. Headquartered in the Greater Boston Area, USA, Measurement & Control has facilities in countries around the world.

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

Follow GE Oil & Gas on Twitter @GE_OilandGas.

PRESS Contacts
Fabio Pianini, GE Oil & Gas
P: +39 055 423 8872 - E: fabio.pianini[.]ge.com.

Ken Darling, Masto Public Relations
P: +1 518 786 6488 - E: kenneth.darling[.]ge.com.

Kate Culman, Masto Public Relations
P: +1 518 786 6488 - E: kate.culman[.]mastopr.com.

GE news, Masto Public Relations - E: information[.]mastopr.com.

 
 
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GE Completes Acquisition of Norway-Based Naxys

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Publisher Contact: MB Hodgkiss - GE Energy 
978-437-1272 Mb.hodgkiss[.]ge.com
 
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